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.

Questions? Comments? Let us know: @billboardbiz