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Former EMI:Chrysalis A&R director Sas Metcalfe has returned to the industry as European creative director of Kobalt Music, a new music publishing joint venture between Sweden's Diesel 2 Publishing and venture capital group Sparkidea.
The group plans to build a traditional music publishing business while using new technology to find new ways of exploiting its repertoire as well as increasing the efficiency with which its writers' income is collected and distributed.
Kobalt will incorporate Diesel 2, the Sweden-based company whose catalogue includes writers such as Eagle-Eye Cherry and Koop. Backed by undisclosed, long-term investment from Sparkidea, it will maintain offices in Sweden and London, where Metcalfe will be based.
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