Songs Music Publishing Sold to Kobalt for $150 Million, Sources Say

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UPDATED: Songs Music Publishing, home to the publishing interests of The Weeknd, Lorde and Diplo, among others, will sell its catalog to Kobalt Capital’s fund, the companies announced today. The price tag is believed to be in the vicinity of $150 million, according to sources with knowledge of the deal. At the same time, Songs president and cofounder Ron Perry has been tapped to fill the chief executive role at Columbia Records, Variety has confirmed. He’ll step into a spot vacated when former chairman/CEO Rob Stringer took the helm of Columbia parent Sony Music Entertainment as CEO in April.  read more at variety.com

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