Kevin Mayer, who spearheaded Disney’s pivot to direct-to-consumer streaming and briefly served as TikTok’s CEO, has joined billionaire Len Blavatnik’s financial commitment business Access Industries as a senior media adviser.
Blavatnik has stakes in Warner New music Group, which just lately experienced a effective IPO, as nicely as athletics streaming support DAZN and audio and audio streaming outlet Deezer.
Mayer, who experienced been in talks with private equity company RedBird Funds, will aim on Access’ media businesses and establish new options. A push launch claimed the things to do would selection “from wi-fi communications and manufacturing solutions to broadcast/streaming media and entertainment licensing ventures.”
Right before managing Disney’s Direct-to-Customer & Intercontinental unit and launching Disney+ in 2019, Mayer invested more than two many years at Disney, mostly in its strategic planning team. He led a collection of significant-profile acquisitions, such as Marvel, Pixar, Lucasfilm, BAMTech and most of 21st Century Fox.
When Bob Chapek was named successor to Bob Iger as CEO, Mayer was introduced as CEO of TikTok, the rapidly-escalating video clip sharing app owned by China-centered ByteDance. Amid a flurry of steps by the administration of President Donald Trump, which culminated in Oracle getting a stake in the company, Mayer resigned in August.
“Kevin has an unrivalled depth of experience creating productive world-wide media and entertainment enterprises,” Blavatnik claimed. “He will convey a must have awareness and perception throughout a vary of Access’s financial investment areas.”
Mayer mentioned, “I search ahead to encouraging Entry build on the achievements of its leading media and entertainment businesses as a crucial part of my potential endeavors. Len has developed a enterprise with a selection of impressive property well positioned to transfer ahead strongly in the a long time ahead.”