Lyor Cohen reportedly parts ways with 300 Entertainment.
Lyor Cohen, former CEO of Warner Music Group and founder of 300 Entertainment, will be leaving his current job to join YouTube. Yesterday, it was announced that Cohen will serve as YouTube’s Global Head of Music, a position in which Cohen will attempt to turn YouTube into more of a streaming service like Spotify, Apple Music and Tidal. Cohen will transition out of his role at 300 Entertainment by December.
Cohen released the following statement to YouTube’s music team, “First, helping the music community embrace the technological shifts we’re seeing in music today so we can help take the confusion and distrust out of the equation.”
“Second, building on the great work you all have done to help the music industry and creative community break new songs and artists to YouTube’s audience of over 1 billion fans. From building on the success of the YouTube Music app, to shining a light on emerging artists, I believe our potential to strengthen the industry is massive.”
“And third, I hope that together we can move towards a more collaborative relationship between the music industry and the technologies that are shaping the future of the business.”
300 Entertainment is an independent label that is home to artists like Fetty Wap, Young Thug, Migos, and Rich The Kid.
