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Enter Len Blavatnik, Russian-born owner of Warner Music and the 25th richest person in America.
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Access Industries, a private-equity group founded by Len Blavatnik, a Ukrainian-born American, bought Basell Polyolefins in 2005.
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Warner Music owner Len Blavatnik was the main outside investor initially, with a designated board seat.
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Len Blavatnik has been putting his billionaire weight behind the music industry, trying to reverse a stubborn trend of falling revenue and shrinking profits.
FORBES: Len Blavatnik
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The central figure is Len Blavatnik, the Russian-American industrialist who got rich in post-Soviet oil and metals companies and doing big Internet and media deals.
FORBES: Magazine Article
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Len Blavatnik, the billionaire Russian-American industrialist, is known for having gotten rich in post-Soviet oil and metals companies and doing big Internet and media deals.
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Alan Faena, the developer which counts with the support of billionaire Len Blavatnik, is set to revolutionize the Miami beachfront with the Faena Saxony, featuring the work of all-star architects Norman Foster and Rem Koolhaus.
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"This is a very important milestone for Warner Music, reflecting our commitment to artist development by strengthening our worldwide roster, global footprint and executive talent, " said Len Blavatnik, chairman and founder of Access Industries, the parent company of Warner Music.
BBC: Warner Music to buy Parlophone label from Universal
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In addition to those cited in this report, the author is particularly grateful for the insights, many of them off the record, of Hal Sirkin, Nandan Nilekani, Alvaro Rodriguez Arragui, Bernard Charles, Joshua Ramo, Michelle Guthrie, Arjun Divecha, Len Blavatnik, Viktor Vekselberg, Malvinder Singh, Bill Ford, Michael Green, Lord John Browne, John Studzinski, Bill Rhodes, Diana Farrell, Mikhail Fridman, Graham Mackey, Thor Bjorgolfsson, Ram Charan, Nabil Habayeb, Diana Glassman, David Rubenstein, Eli Jacobs, Dambisa Moyo, Alastair Newton and Michael Patsalos Fox.
ECONOMIST: Sources and acknowledgments