Can the Digital Music problem be solved, Kobalt thinks so and has the funds to prove it?
New York City’s Kobalt Music has manÂaged to raise a total of $126 milÂlion dolÂlars, thanks to the recentÂly acquired $60 milÂlion from Google VenÂtures and Michael Dell’s MSD CapÂiÂtal. Wait there’s more, a furÂther $153 milÂlion the comÂpaÂny raised to finance a secÂond part