Dave Stewart Signs with Kobalt Music Group

NEW YORK--(Business Wire)--
Nearly 40 years and over 100 million albums sold since he signed his first
traditional music publishing deal, Dave Stewart, one of the most respected and
accomplished artists, producers and songwriters in modern music, has made yet
another revolutionary turn and opted to sign a new worldwide deal with Kobalt
Music Group www.kobaltmusic.com, a leading technology and service-based online
music publisher. The announcement comes as Stewart, recently named one of Fast
Company Magazine`s "Most Creative People in Business," continues to forge new
business models well beyond music including film, fashion and technology.

The announcement was made today by Willard Ahdritz, CEO and Founder of Kobalt
and Stewart`s manager, Dave Kaplan. Through the deal, Kobalt will administer
Stewart`s songs, and their international synch licensing team and agents will
represent Stewart for synch licensing for film, TV, advertising, ring tones,
games and other media.

"Dave Stewart is not only a member of rock royalty and one of the most prolific
songwriter/producers of our time, he is a visionary thinker. He`s always been on
the forefront of what is coming next in music and in the technology of music
delivery. We are utterly privileged to be working with him on a global basis,
both in administration and creative services," added Ahdritz.

"Dave has always been passionate and fearless about pushing boundaries and
pioneering change, while at the same time writing countless smash hit songs that
are still played around the world every day," said Kaplan. "After being involved
in traditional publishing deals ever since he was a struggling young teenager in
Sunderland, Dave has now made the bold decision to move away from the old
structure, and the lure of the huge advance checks, in favor of the new, fresh
approach of the Kobalt model. This deal teams Dave with like-minded people and
allows him to continue to unleash his crazy-ingenious ideas for disrupting and
revolutionizing the entertainment universe."

As co-founder of Eurythmics, Dave Stewart, along with Annie Lennox, penned such
hits as "Sweet Dreams," "Here Comes the Rain Again," "Would I Lie to You,"
"Missionary Man," "Sisters Are Doing It For Themselves" (with Aretha Franklin)
and many others. He has also written for or in collaboration with such artists
as Tom Petty ("Don`t Come Around Here No More"), No Doubt ("Underneath It All"),
Mick Jagger (the Golden Globe winning song "Old Habits Die Hard") Celine Dion
("Taking Chances") U2, Jon Bon Jovi, Bryan Ferry, Bob Geldof, Bono, Paul
McCartney, Anastacia, Shakira and Sinead O`Connor.

Stewart has written numerous film scores for directors such as Robert Altman,
Paul Verhoeven and Ted Demme. He wrote and/or produced the title songs for the
films "1984," "Scrooged," "Put a Little Love in Your Heart," sung by Al Green,
"Ruthless People," sung by Mick Jagger and Daryl Hall, "Around the World in 80
Days," "Bird on a Wire," sung by the Neville Brothers and "Charlotte's Web" sung
by Sarah McLaughlin. Along with Jagger, Stewart also wrote and produced the
score and six songs for Charles Shyer`s "Alfie."

Both Stewart and Annie Lennox were celebrated when Eurythmics were inducted into
the UK Hall of Fame in 2005. Stewart and Lennox have received numerous awards
including the very prestigious Lifetime Achievement Award from the Brit Awards.
Stewart has won Best Producer four times, as well as numerous Grammy Awards, MTV
Awards and Best British Songwriter awards.

Stewart was recently hired as a consultant for Nokia, the world`s largest mobile
phone company, where he was given the unique title of "Change Agent," charged
with ensuring the artists' point of view is represented in the "new world" and
creating new content business paradigms for the entertainment industry. A recent
Washington Post article hailed Stewart`s innovation in this arena, calling him
"a man who vows to drop a `neutron bomb` on the current entertainment
distribution model."

For Kobalt:
Rebekah Alperin, Alperin Entertainment
310-770-1045
ralperin@alperinent.com
or
For Dave Stewart:
Allison Elbl, ID
323-822-4851
aelbl@id-pr.com

Copyright Business Wire 2009