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In September 2016, Google's YouTube announced Lyor would be joining the organization as Global Head of Music. He officially joined the company in December 2016. He wrote a public letter stating some of his goals and aspirations for his new role. He will strive to enable the music industry to adopt new business models that take advantage of technological advances.

In August 2016, Cohen remarried, wedding art world personality Xin Li, a Chinese former basketball player and model who is currently the deputy chairman of Christie's Asia.

There was much speculation about Cohen's next move. Cohen's own assessment of his career was broadly predictive. "I've been an outsider in the traditional record industry for more than 25 years," he told the Los Angeles Times. "I'm an entrepreneur, so I encourage risk-taking. And the only way to encourage risk-taking is to take risks yourself, which means sometimes you'll fail, or people will say you are too aggressive or controversial. But someone needs to jump into the pool first for a party to get really great. I've always been willing to be that guy." In November 2013, Cohen revealed he was starting a new company named "300", after the 300 Spartan Warriors who fought the famous war against the Persians seen in the movie 300. He stated the company would be part record label, part marketing company, part distributor, with major backing from Google and Atlantic.

In September 2012 Cohen resigned from Warner where he served as one of their dominant creative executives.

Some of Cohen's closest associates have included his longtime friend and business partner Russell Simmons, Jay Z, music executive Julie Greenwald, Jon Bon Jovi, and Kanye West, who dubbed himself "the Lyor Cohen of Dior Homme" on a 2010 recording Devil in a New Dress.

At Warner, Cohen oversaw the merger of the Atlantic and Elektra labels into Atlantic, and placed Julie Greenwald, his protégée, into a top executive position there. In 2009, Cohen elevated Greenwald to chairman and chief operating officer of Atlantic, a promotion that established Greenwald as the highest-ranking woman executive at an American record company. Greenwald's successes at Atlantic have included The Black Keys, Bruno Mars, Death Cab for Cutie, Jason Mraz, Kid Rock, Lupe Fiasco, Plies, T.I., and Wiz Khalifa.

By 2006, the positive effects of Cohen's leadership were encapsulated in a story for the Los Angeles Times, which noted: "Under Cohen, Warner Music has thrived, due in part to the executive's innovative initiatives, such as an incubator program that builds relationships with independent label executives the company aspires to hire." Warner's success with Mike Jones and the punk band Paramore both grew out of the incubator program.

In September 2006, Cohen oversaw an agreement with YouTube that allowed the site to show videos by Warner artists in exchange for a share of YouTube's advertising revenue. According to The New York Times, the deal marked "the first time a major record company [had] licensed content to YouTube". In 2011, Cohen oversaw an agreement on behalf of the Warner roster with Spotify, the digital music service. Eventually, Cohen oversaw all of Warner's digital initiatives.

In January 2004 Cohen left Island Def Jam for a position with the Edgar Bronfman Jr. investor group-financed Warner, which was subsequently spun off from Time Warner. Ultimately, Cohen was named WMG's chairman and chief executive.

This promotion required Cohen to expand his portfolio to include artists who didn't rap, among them Bon Jovi, Mariah Carey, Shania Twain, Elvis Costello, Ashanti, Nickelback, Slipknot, Sum 41, The Killers, and Slayer. In 2001, Cohen was involved in Island Def Jam's purchase of Roadrunner, a heavy-metal label, as well as the deal to distribute Rick Rubin's American. In 2002, American released Johnny Cash's American IV: The Man Comes Around. The last album released by Cash before his death, it included Cash's hit version of Trent Reznor's "Hurt".

In 1998, PolyGram was purchased by Seagram, and merged into Universal.

In June 1998, after the PolyGram / Universal merger, Island, Mercury, and Def Jam were merged into a new unit called The Island Def Jam, Cohen was named co-president. In the process, he became (as he himself noted) "the first Hip-Hop president in charge of a major label".

In 1994 Cohen teamed up with Simmons to negotiate Def Jam's departure from Sony (which had been distributing Def Jam since 1985) for a new home at PolyGram. By then, having become Simmons's partner in the label several years earlier, Cohen was running Def Jam day-to-day. (Rick Rubin, Def Jam's founder, had left Def Jam in 1988.)

By 1989, Rush—under Cohen's leadership—was recognized as "the premier management operation" in the Rap field. Steve Stoute, in The Tanning of America, credits Cohen with "[believing] early on in the cultural melting pot that was being brewed for and by the younger generation". In his own words, Lyor Cohen has said, "I was determined to prove people wrong, to prove to the gatekeepers of the industry that we had a place here and we weren't going to relinquish our opportunity."

Cohen began transitioning from artist management to the label side of the music business in 1989, when he and Simmons formed Rush Associated Labels. The goal was to capitalize on the ability of established recording artists to sniff out new talent by signing boutique label deals with them. It paid off most notably with Jam Master Jay's JMJ Records, which brought Onyx to Def Jam in 1992 and Jayo Felony in 1994. By then Cohen was starting to groom a new generation of executives, notably Chris Lighty, Julie Greenwald, Kevin Liles, Todd Moscowitz, and Mike Kyser.

Cohen met his first wife, the well-known fashion model E.K. Smith at the Beastie Boys "Fight For Your Right To Party Video." Their wedding on April 1, 1988, was held in Sosua, Dominican Republic and is written about in Flava Flav's book. Cohen's marriage to his second wife, Amy, ended in divorce in 2006. They have a daughter, Bea, and a son, Az. Cohen credits Az, along with a personal friend, with saving his life when Cohen experienced a pulmonary embolism during N.W.A's induction into the Rock and Roll Hall of Fame at Brooklyn's Barclays Center in April 2016.

Late in 1984, after promoting a pair of rock and rap shows at The Mix Club in Hollywood (one featured Run-DMC, the other featured Whodini), Cohen moved to New York to take a job at Simmons' Rush Productions (later called Rush Artist Management). Beginning as Run-DMC's road manager, Cohen quickly began taking on additional responsibilities, working on behalf of an artist roster that included Kurtis Blow, Whodini, Run-DMC, LL Cool J, the Beastie Boys, and Public Enemy. By 1987, Cohen himself was signing artists to Rush. These acts included Slick Rick, DJ Jazzy Jeff & the Fresh Prince, Eric B. & Rakim, EPMD, Stetsasonic, De La Soul, and A Tribe Called Quest.

Lyor Cohen (Hebrew: ליאור כהן; born October 3, 1959) is an American music industry executive. Cohen has been actively involved in hip hop at various record labels for more than 30 years. He started by managing rappers for Rush Productions, then led Def Jam. After Def Jam, Cohen took on a leadership role at Warner Music Group. In September 2012, Cohen put in his resignation at Warner and started his own independent label, 300 Entertainment. On September 28, 2016, Cohen was named YouTube's Global Head of Music.

Born in New York to Israeli immigrants in 1959, Cohen grew up in Los Angeles. In 1981, he received a degree in global marketing and finance from the University of Miami. Afterwards, he worked briefly in the Beverly Hills office of Bank Leumi.