Kobalt forecasts profitability next year, after firm’s gross collections in FY2019 hit $616m

“In our forecasts we see that by end of June 2021, we will be group profitable,” says founder Willard Ahdritz
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Kobalt Music signs Savages’ Jehnny Beth to global publishing deal

‘There’s no question Jehnny Beth is an iconic singer, artist and songwriter’
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Willard Ahdritz becomes Kobalt Chairman, as Laurent Hubert succeeds him as CEO

Ex-BMG exec Hubert joined Kobalt in 2016
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Kobalt signs Japanese composer Ryuichi Sakamoto to publishing deal

Sakamoto has won multiple awards including a Grammy, an Oscar, a BAFTA and two Golden Globes
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Kobalt COO Avid Larizadeh Duggan exits firm after five year association

News comes as former CEO of Google Ventures, Bill Maris, steps down from Kobalt’s board to focus on startups
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Jeannette Perez promoted to Chief Experience Officer at Kobalt

“The music industry needs more leaders like Jeannette,” says Willard Ahdritz
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Kobalt hires Sebastien Cayla as Director of Synch and Brand Partnerships, France & Belgium

Exec was previously Head of Synch at Warner Chappell Music France
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