Lyor Cohen, former CEO and Chairman of Warner Music Group, is reportedly embarking on new business endeavors since stepping down from his high-ranking position. It's been said that Cohen has had discussions with the likes of fellow record executives Kevin Liles and Todd Moscowitz about forming a new management company. 

The New York Post says that Cohen has even been advising G.O.O.D. Music front man Kanye West on his various music deals and as well as Kanye's upcoming tour. A source close to Cohen says he's in full support of Kanye West. 

"He's 100 percent in Kanye's camp," the source briefly said of Cohen who was recently spotted in the company of Kanye West.

The NY Post continues to say that Cohen's reported management company will be talent based and one that will give potential artists space to embark on different ventures as well.