Len Blavatnik’s Access Industries has launched Access Entertainment and appointed former BBC director of television Danny Cohen to lead as president.
Access Industries is a privately held industrial group with major holdings in the music media and telecommunications sectors including Warner Music Group and the new banner will focus specifically on investments across the entertainment sector with a concentration on high-quality television, films and theatrical production.
In his new role, Cohen will seek out creative and strategic business opportunities throughout the world and work closely with Warner Music Group and other Access-owned companies to drive creative and commercial opportunities across the audio-visual sectors. He will also be responsible for pooling talent from Access’s investments to create new opportunities for the group.
The company said that the aim is to develop Access Entertainment into “one of the world’s leading independent investors in the entertainment media sector, with plans to invest several hundred million dollars in the initial phase.”
Cohen was previously director of BBC Television, responsible for all of BBC’s drama, feature film, comedy, entertainment and unscripted content.
“Danny’s extensive experience and network will be invaluable as we identify and develop new media and entertainment investment opportunities,” said Blavatnik.