Joint venture to focus on new artists, next generation of music talent

Music manager Sarah Stennett and Len Blavatnik´s Access Industries said they have formed a new joint venture called First Access Entertainment.

First Access Entertainment will operate at the forefront of new entertainment-business models. It will focus on talent development and representation, brand development and representation, recording artists and songwriters, and rights exploitation, across the music, entertainment, and fashion industries. Artists that are signed and developed by First Access Entertainment will be distributed or released through Warner Music Group.

Sarah Stennett was previously the CEO of Turnfirst Artists.

Founded in 1986 by Len Blavatnik, an American entrepreneur and philanthropist, Access Industries is a privately held industrial group with strategic investments in the United States, Europe and South America. With corporate offices in New York, London and Moscow, its holdings include a number of market-leading companies in the Natural Resources and Chemicals, Media and Telecommunications, Technology and E-commerce, and Real Estate sectors.