Kobalt has hired Lonny Olinick as SVP, strategic business development.
Based in Los Angeles and reporting directly to Kobalt’s founder and CEO, Willard Ahdritz, Olinick (pictured) will be tasked with "ensuring Kobalt continues to drive transformational change within the music industry". He will also be responsible for uncovering new opportunities where Kobalt can leverage technology to increase transparency and efficiency for creators and generate meaningful and lasting impacts.
“I couldn’t be happier to return to the music industry by joining the most innovative company in this space,” said Olinick. “Kobalt is bridging the gap between technology and music, revolutionising the industry for creators. I look forward to contributing to the strategic development of the business.”
Olinick began working for BMG more than 13 years ago and was most recently an executive at on-demand startup Rinse.
“As we lead the charge for change in the music industry, we have so many ideas and opportunities that will benefit content creators,” added Ahdritz. “With Lonny onboard, we can increase our output in these areas and execute our vision for the transformation of the music industry.”
