Amra is disrupting the world of global royalty collections – with big plans for what's next.
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On the latest Music Business Worldwide Podcast, Tim Ingham,
founder of MBW, is joined by the CEO of Amra, Tomas Ericsson
(pictured).
Amra is a global digital collection society that happens to be
owned by Kobalt Music Group.
Since Kobalt acquired and relaunched Amra in 2015, the collection
society has become a fast-growing business in its own right: in
the 12 months to the end of June 2022 – the last year for which
public financial information is available – Amra generated over
USD $110 million in revenue.
Amra's clients today include Kobalt's global publishing business,
plus other significant independent music publishers, including
Anthem Entertainment and Armada Music Publishing.
Prior to joining Amra and Kobalt, Tomas Ericsson was Deputy CEO
of Swedish collection society STIM, and he was the Managing
Director of ICE until 2009. (At that time, ICE was a joint
venture between STIM and the UK's PRS For Music; it would later
welcome Germany's GEMA as a third stakeholder.)
On this podcast, Ingham asks Ericsson about the changing
landscape for songwriter royalty collection, the opportunity
ahead – and the fact that Amra has, to date, invested more than
$50 million upgrading and expanding its core technology...
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