Report: Lyor Cohen Looking To Launch New Label
March 18, 2013 at 4:39 AM (PT)
Former WARNER MUSIC GROUP RECORDED MUSIC Chairman/CEO LYOR COHEN is raising capital to launch his own firm, reports THE NEW YORK POST. The report notes, "The hybrid business would house its own record label, invest in outside ventures and help cultivate talent, according to several executives familiar with his plans."
COHEN is reportedly talking with JAY-Z and KANYE WEST as strategic investors.
"He isn’t going to the established music labels. He’s going to strategics for a new investment fund and a record label," a source told THE POST.