“AWAL is committed to providing the best services for our artists and this was a natural next step to bolster AWAL’s global marketing and promotion capabilities. In2une was the perfect addition,” Kobalt Founder and CEO Willard Ahdritz said.
“The in2une team will be stronger than ever to serve existing and future clients,” said AWAL CEO Lonny Olinick. “And AWAL artists will now have all the key services at their disposal to reach new fans around the globe, across different platforms, while owning their music and career.”
The acquisition follows Kobalt’s decision earlier this spring to invest $150 million in AWAL. The division offers recorded music services including digital distribution, music-data insights, funding, global marketing, A&R, and promotion.