In a case study, the Kobalt Music Group revealed that it had $30 million in revenue last year, up 50% from the previous year total of $20 million, according to a slide show presented by Kobalt founder and CEO Willard Ahdritz.

The Kobalt study was presented today (March 5) at the Billboard Music & Money Symposium in New York.

On a 12-month running basis to date, Kobalt revenue collections totaled $50 million with the current year expected to bring in $75 million. Willard attributed its growth to have much better technology and a better business model.

Kobalt, which was founded in 2001, is a pure play administrator for music publishers, private equity owners of music assets and songwriters who control their copyrights.

Tom Teichman, the chairman of Spark Ventures, which is a major investor in Kobalt, said the company, which has no debt, had been cashflow positive for four years, but will be profitable for the first time in 2009.