Len Blavatnik’s Access Industries has launched an entertainment investment division with former BBC exec Danny Cohen (pictured) at the helm.
Access Entertainment will focus on investments across the entertainment sector with a focus on high-quality television, films and theatrical productions. The firm plans to “invest several hundred million dollars” in an initial phase.
In his newly created role as president, Cohen will be charged with seeking creative and strategic business opportunities while working closely alongside Warner Music Group and other Access-owned companies to drive creative and commercial opportunities across the audio-visual sectors.
Additionally, Cohen will be responsible for pooling talent from across the conglomerate’s music, television, film and theater investments to create “a unique potential for the Access group.”
Most recently, Cohen served as BBC’s director of television where he was responsible for the pubcaster’s drama, feature film, comedy, entertainment and unscripted content. After eight years, he departed the BBC last October to pursue new leadership opportunities.
Founded in 1986 by Len Blavatnik, Access Industries is a privately-held industrial group with holdings across a variety of sectors, including natural resources and chemicals, media and telecommunications, and real estate.
“Our ambition is to work with the world’s most talented creatives in environments that allow them to do their best work,” said Cohen in a statement. “Our investments will be wide-ranging: companies, people, television series, movies, theatrical productions and innovative digital opportunities.”
“Danny’s extensive experience and network will be invaluable as we identify and develop new media and entertainment investment opportunities,” added Blavatnik, founder and chairman of Access Industries.