https://www.digitalmusicnews.com/2017/10/31/warner-music-group-edgar-bronfman-jr/
Edgar Bronfman Jr.’s venture capital firm will focus on investing in early-stage media companies.
Former Warner Music Group President Edgar Bronfman Jr. has started a venture capital firm with longtime investor Daniel Leff.
According to Bloomberg, the VC firm, called Waverley Capital, will target media investments.
Bronfman Jr. once led his grandfather’s business, Seagram’s Company. The Canadian distillery giant had owned Universal Pictures and Universal Music Group. Bronfman Jr. ultimately sold the company’s entertainment division to Vivendi in 2000.
In 2011, Bronfman, then Chairman of Warner Music Group, announced sale of the major label to Access Industries.