Songs is unusual in the publishing business in that it has focused on young contemporary writers rather than buying old catalogs. Mr. Pincus, 45, is still the majority owner, with minority equity stakes also owned by his two partners, Ron Perry and Carianne Marshall. Kobalt has also shaken up the publishing business. Songs is expected to shut down, with some executives — but not Mr. Pincus — going to Kobalt. “We’ve had the opportunity to work intimately with groundbreaking songwriters,” Mr. Pincus said, “at a time when the music business of tomorrow is being created.”

Source: New York Times December 08, 2017 21:00 UTC