"I am looking forward to my partnership with Kobalt,” Kravitz said in a statement. “They have a passionate team that share a high artistic view and I am confident they that are the right partner to carry out my creative vision for this album."
Kravitz is managed by Craig Fruin and Howard Kaufman. On Kobalt's end Richard Sanders, president of Kobalt Music Group and Chairman of KLS; Paul Hitchman, KLS MD; and Diarmuid Quinn, president, KLS North America worked on the agreement.
“We are thrilled to be working with Lenny and the Roxie Records team," Sanders commented. "Lenny is in peak creative form, writing and recording what we believe is some of his best material yet.”
Kobalt launched its label services division in January of 2013 with Nick Cave’s “Push the Sky Away,” and has since expanded its roster to include the Pet Shop Boys, Boy George, Martina McBride and David Gray. Its publishing division, which has been around since 2001, has signed administration deals with a number of high profile artists, including Dave Grohl, Maroon 5, Paul McCartney’s MPL Communications, Dr. Luke, Ryan Tedder, Max Martin, the Miles Davis estate and Skrillex.
According to Kobalt Music Group’s last revenue announcement, the company increased its gross revenues 40% to $175 million between July 2012 and June 2013. In January, the company forecasted for the financial year ending in 2014 its gross revenues would grow another 45% to $250 million.
KLS' Physical distribution in the U.S. is through Super D Alliance while digital distribution globally is though Kobalt's wholly owned AWAL platform.
Kravitz’s pursuits beyond music include acting (“Precious”, “The Hunger Games" films, “The Butler”) and design. In 2003 he launched Kravitz Design Inc. which offers commercial and residential design services, product development and branding.