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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Willard Ahdritz becomes Kobalt Chairman, as Laurent Hubert succeeds him as CEO

Ex-BMG exec Hubert joined Kobalt in 2016
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Sas Metcalfe, Laurent Hubert and others promoted at Kobalt Music Group

Jeannette Perez, Lonny Olinick and Marissa Mencher also step up as Richard Sanders departs
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