Kobalt Label Services (KLS) is a part of the Kobalt Music Group. KLS provides record label services to artists, receiving a share of revenues, while allowing artists to retain ownership of their master recordings. The company was founded in 2012 when Kobalt acquired digital distributor AWAL. Their roster includes artists such as Nick Cave & The Bad Seeds, Prince, New Kids on the Block, Pet Shop Boys, Maya Jane Coles, and Travis.