Kobalt Music To Administer Pearl Jam, Eddie Vedder Solo Work Exclusively
Kobalt Music Group has signed Pearl Jam to a long-term worldwide exclusive administration deal. Kobalt will immediately begin administration of Pearl Jam's forthcoming new material, and assume administration of the band's first two multi-million selling global smash albums, Ten and Vs.
In addition, Kobalt will administer all of lead singer/songwriter Eddie Vedder's solo catalog including his critically-acclaimed soundtrack to Into The Wild and the song "Better Days," from the Eat Pray Love soundtrack, plus new solo works. In 2012, the rest of Pearl Jam's entire back catalog (featuring the albums Vitalogy, No Code, Yield, Binaural, Riot Act, Pearl Jam and Backspacer) will move to Kobalt.
As part of the new relationship, Kobalt will additionally handle synch licensing and promotion of Pearl Jam repertoire and Vedder solo repertoire for use in motion pictures, TV advertising, games, ringtones and other media.
Forthcoming releases from Pearl Jam include a new compilation album, Live On Ten Legs (Island Records), which is set for release internationally on Jan. 17, 2011. Also planned in 2011 are re-packaged, re-issues of Vs. and Vitalogy.
Kobalt senior VP of business development Merril Wasserman was instrumental in executing the deal, according to the announcement. Others involved in the deal included Ahdritz, Elliot J. Groffman of Carroll, Guido & Groffman, attorney for Pearl Jam; Kelly Curtis of Curtis Management, manager for Pearl Jam; Jamie Cheek of Flood, Bumstead, McCready & McCarthy, and business manager for Pearl Jam; and Michele Anthony, consultant to Pearl Jam and their label, Monkeywrench Records.