Jewish billionaire Len Blavatnik is looking to own his own movie studio and has his eyes fixed on Warner Bros.
According to The New York Post, friends of Len Blavatnik have revealed his interest in the movie studio. One source said, “It’s Oscar time. It’s when everyone covets owning a studio.”
Buying a movie studio now would be an understandable move on his part as Len Blavatnik already owns Access Entertainment. The company was formed last May and former BBC Director of Television Danny Cohen serves as its President.
Len Blavatnik already owns Warner Music which he purchased in 2011 for $3.3 billion. According to Forbes, the entertainment mogul is worth $20 billion.
Warner Bros. Entertainment is owned by Time Warner. AT&T has already made an $85 billion takeover bid for that company, but some speculate that Warner Bros. might be sold off separately.
In other Len Blavatnik news, according to The Hollywood Reporter his Access Entertainment is working with BBC Worldwide and Ripper Street production firm Lookout Point to produce scripted dramas for global TV audiences. The new production company will be called Benchmark Television.
“The commercial model for producers is designed to give the creators and producers significant rights ownership and to be attractive to a wide variety of production partners, including those owned by major studios and media groups,” the companies stated.
“This innovative partnership will finance and produce world-class scripted television for audiences around the world. Access Entertainment plans to work with the world’s very best writers and producers over the coming years and invest significant capital in television production,” added Blavatnik.
IMDB.com gives Len Blavatnik 14 different movie production credits. He is an executive producer of the movie “Hacksaw Ridge” which has been nominated for six Oscar Awards including best picture for 2016.
Len Blavatnik was born in Ukraine and he founded Access Industries in 1986.