Veteran Music Exec Lyor Cohen Nabs Google’s Support For New Venture
A year after stepping down as CEO of Warner Music Group last September, self-made music mogul Lyor Cohen has reportedly been putting in work for a new talent management and music label with the financial backing of Google.
The New York Post says:
Cohen, who has been quietly building a talent management company and a music label, has been in discussions with the search giant about its desire to make music-related investments, sources said.
Google’s YouTube is planning a new paid music subscription service that could roll out as early as next month, according to reports. A Google rep couldn’t immediately be reached.
Cohen has been secretive about his new project, but sources say he is also talking with Warner about a distribution deal for his new entity. He couldn’t be reached for comment.
Cohen has been recognized for establishing Def Jam Records and maintaining its success alongside hip-hop notables Russell Simmons and Jay Z.