Kobalt has signed a worldwide deal with Grammy-winning singer, songwriter and rapper Young Thug.
The deal includes publishing administration, including global synchronization and creative services, for all future Young Thug songs.
MBW understands the rapper’s current slate remains at Reservoir, where he signed a deal in 2018.
Last year, Young Thug achieved fourteen Billboard tracks and released records by artists including Gunna and Lil Keed through Young Stoner Life Records, of which he is the founder and CEO.
As of 2021, he is the only artist to have made two No. 1 albums with Punk and Slime Tongue 2.
PUNKreleased in October, saw Young Thug collaborate with Gunna, Doja Cat, Nate Ruess, J. Cole, Drake, Future, and more.
The announcement comes shortly after Kobalt Capital confirmed that investment giant KKR had acquired the KMR Music Royalties II wallet for approximately $1.1 billion.
The transaction was completed through Chord Music Partners, a platform established by KKR with Dundee Partners, and KKR said at the time that it would also house other music assets it purchased during the year. passed within Chord.
Those assets likely include the rights package KKR acquired from songwriter Ryan Tedder in January.
“Young Thug’s track record for impacting the modern sound of hip-hop, trap and popular music is undeniable.”
Jill Tschogl, Kobalt
Jill Tschogl, Kobalt Music’s Vice President, Creative, said, “Young Thug’s track record of impacting the modern sound of hip-hop, trap and popular music is undeniable.
“He’s not just one of the most influential songwriters and artists in rap today, but a cultural icon.
“It is an honor to work closely with Young Thug and his team. We look forward to supporting his incredible talent and artistry.The music industry around the world