ICY MAGAZINE

Kobalt strikes a deal to administer Elvis Presley’s catalogue

Kobalt will administer and provide publishing services for a vast majority of the Elvis Presley catalogue of more than 1,000 songs, including such classics as “All Shook Up”, “Jailhouse Rock”, “A Little Less Conversation”, “Return to Sender”, “Can’t Help Falling in Love” and others through a new administrative agreement with Authentic Brands Group (ABG) and Elvis Presley Enterprises, LLC.

Elvis Presley, the King of Rock and Roll lives on forever.

Elvis Presley, the King of Rock and Roll.

The arrangement is effective from Jan. 1, 2017 and includes some of the “most desired tracks for film and TV trailers, soundtracks, and commercials,” notes Kobalt, the independent music services company, in a statement. Presley’s music continues to establish new records and find new fans almost 40 years after his death.

The Wonder Of You (Legacy/RCA), a collection of re-workings of the late legend’s hits with the Royal Philharmonic Orchestra, recently became Presley’s 13th U.K. No.1 album — a record among solo artists. Only The Beatles have more No.1s with 15. Presley also set a new record for the longest span between No.1 albums in the U.K., having first topped the survey with his self-titled RCA debut in 1956. The King also occupied the chart throne in 2015 with If I Can Dream, also featuring the Royal Philharmonic Orchestra.

“This is an absolutely momentous deal,” says Willard Ahdritz, founder and CEO of Kobalt, of the new agreement. Jamie Salter, chairman and CEO of ABG, added: “We are thrilled to partner with Kobalt to ensure that Elvis’ legacy as the King of Rock and Roll lives on forever. And Nick Woodhouse, president and CMO of ABG noted, “We are dedicated to preserving Elvis’ tremendous body of work and we are confident that Kobalt is committed to that same goal.”

Elvis’ music is bound to ring out loud next year. The 40th anniversary of the rock ‘n’ roll icon’s death will fall on Aug. 16, 2017.

 

H/T: Billboard

Categories:   Business

Comments