MUMBAI: Nearly 40 years and over 100 million albums sold since he signed his first traditional music publishing deal, Dave Stewart, one of the most respected and accomplished artists, producers and songwriters in modern music, has opted to sign a new worldwide deal with Kobalt Music Group www.kobaltmusic.com, a leading technology and service-based online music publisher.
The announcement comes as Stewart, recently named one of Fast Company Magazine’s Most Creative People in Business, continues to forge new business models well beyond music including film, fashion and technology.
The announcement was made by Kobalt CEO and founder Willard Ahdritz and Stewart’s manager Dave Kaplan. Through the deal, Kobalt will administer Stewart’s songs, and their international synch licensing team and agents will represent Stewart for synch licensing for film, TV, advertising, ring tones, games and other media.
"Dave Stewart is not only a member of rock royalty and one of the most prolific songwriter/producers of our time, he is a visionary thinker. He’s always been on the forefront of what is coming next in music and in the technology of music delivery. We are utterly privileged to be working with him on a global basis, both in administration and creative services," added Ahdritz.
"Dave has always been passionate and fearless about pushing boundaries and pioneering change, while at the same time writing countless smash hit songs that are still played around the world every day," said Kaplan. "After being involved in traditional publishing deals ever since he was a struggling young teenager in Sunderland, Dave has now made the bold decision to move away from the old structure, and the lure of the huge advance checks, in favor of the new, fresh approach of the Kobalt model. This deal teams Dave with like-minded people and allows him to continue to unleash his crazy-ingenious ideas for disrupting and revolutionizing the entertainment universe."
Stewart has written numerous film scores for directors such as Robert Altman, Paul Verhoeven and Ted Demme.
Stewart was recently hired as a consultant for Nokia, where he was given the title of Change Agent, charged with ensuring the artists’ point of view is represented in the "new world" and creating new content business paradigms for the entertainment industry.