News: Kanye West's Relies On Jay-Z's Old Pal For Industry Advice

Friday, Dec 14, 2012 2:00PM

Written by Cyrus Langhorne

Music mogul Lyor Cohen is the man behind influencing some of rap star Kanye West's biggest moves as reports claim the two icons now have a close business relationship.

Along with dishing Yeezy with knowledge gems, Lyor is set to launch his own full-fledged management team.

Former Warner Music Group chief Lyor Cohen is now Kanye West's close adviser. We hear that Cohen, who left Warner Music in September, has been advising West on his music deals, including an upcoming tour. "He's 100 percent in Kanye's camp," said a source. Rumors have swirled that Cohen will soon launch his own talent-management company to structure 360-degree, multiplatform deals for artists. Music industry heavy hitters -- including former Def Jam exec Kevin Liles and Warner Bros. Records chief Todd Moscowitz, a former Cohen disciple who left the company last week -- have been mentioned as potential partners. A friend of Cohen said, "Lyor is a friend of Kanye's, and many artists reach out to him for advice." (New York Post)

Buzz about a Kanye-Lyor relationship started to heat up the Internet last month.

GO WEST, BIG MAN: Lyor Cohen is said to be closing in on a deal to manage Kanye West. But rather than replacing Kanye's current manager, Izvor "Izzy" Zivkovic, Cohen will likelymake Izzy part of a bigger play, according to insiders. Is Kevin Liles involved? (11/19a) (HITS Daily Double)

The news comes just weeks after Cohen bid farewell to Warner Music Group.

In making the announcement, Cohen said, "To all the artists and employees who live and die for the music every day, and who personally sacrifice for the good of the creative process: 'keep on keepin' on' in the tradition of a company that respects and honors the artistic community." Len Blavatnik, Chairman and founder of Access Industries, said, "I personally want to thank Lyor for his dedication and contributions to Warner Music. He has been both a business partner and personal friend and I wish him only the best." Stephen Cooper, WMG's CEO, said, "Lyor Cohen has built something very special here. While we understand his desire to move on to his next challenge, the enduring success of our recorded music division will serve as a great testament to the progress we've made during Lyor's time at WMG. We are grateful for Lyor's contributions, and we wish him the best. I'm confident that given the strength of our talented management team in Recorded Music, we'll be able to drive further success." Following Cohen's departure, the company's senior label executives will report directly to Stephen Cooper. (Market Wire)

Earlier this year, Lyor landed on Billboard's 2012 Power 100 Index list.

1. Irving Azoff 2. Coran Capshaw 3. Lucian Grainge 4. Martin Bandier 5. Doug Morris 6. Michael Rapino 7. Rob Light 8. Len Blavatnik 9. Tim Leiweke 10. Jimmy Iovine 11. Eddy Cue and Robert Kondrk 12. John Hogan 13. Shawn "Jay-Z" Carter & Beyonce Knowles 14. Lyor Cohen 15. Randy Phillips 16. Emmanuel Seuge 17. Frank Cooper 18. Barry Weiss 19. Rob Stringer and Steve Barnett 20. Arthur Fogel 21. Marc Geiger 22. Dan Mason 23. Bob Pittman 24. Roger Faxon 25. Ronald "Slim" Williams and Bryan "Birdman" Williams 26. Rio Caraeff 27. U2 and Paul McGuinness 28. Julie Greenwald and Craig Kallman 29. Daniel Ek 30. Lukasz "Dr. Luke" Gottwald 31. Lewis W. Dickey, Jr 32. Peter Grosslight 33. Charles Attal, Charlie Jones and Charlie Walker 34. Robert Greenblatt 35. Van Toffler 36. Monte Lipman 37. Antonio "L.A." Reid 38. Joel Katz 39. Mark Campana and Bob Roux 40. Tim Westergren 41. Peter Edge and Tom Corson 42. Tom Poleman 43. Chip Hooper 44. Hartwig Masuch 45. Rob Cavallo and Todd Moscowitz 46. Cliff Burnstein and Peter Mensch 47. Nathan Hubbard 48. Jay Brown 49. Evan Lamberg 50. Jon Bon Jovi (Billboard Biz)

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