2600 was released. In 1979, Holzman became the nexus between ex-Monkee Michael Nesmith and John Lack of Warner Cable. He persuaded Lack to meet with Nesmith who had been nursing an idea for a program he called PopClips. Holzman thought that Nesmith's notion of building a TV structure around that idea made real sense. In 1982, following the death of President and founder Robert Gottschalk, Holzman took charge of Panavision, a wholly owned subsidiary of Warner Bros. Discovery and turned that financially troubled company around. In 1986 he formed FirstMedia, an investment firm which acquired Cinema Products Corporation, the maker of the Oscar-winning Steadicam camera stabilization system. In 1991, through FirstMedia, Holzman acquired the Discovery, Trend and Musicraft jazz labels from the estate of Albert Marx, which was also acquired by Warner Music Group in 1993. After Edgar Bronfman Jr. and a group of investors acquired Warner Music Group from Time Warner Inc. in 2004, Bronfman brought Holzman back to WMG, reuniting him with the company that he had helped to found with Ahmet Ertegun and Mo Ostin. Although Holzman's work at Warner Music covers a range from mentoring executives and future planning, his first project was the creation of an on-line label, Cordless Recordings, introduced in late 2005. Cordless gave bands space to hone their art and grow without the expectations and cash outlays associated with a major label. Current In April 2016, Steve Cooper, CEO of Warner Music Group, announced Jac Holzman as the Senior Technology Advisor to WMG: “a wide-ranging technology ‘scout’, exploring new digital developments and identifying possible partners.” In June 2018, Holzman launched a new venture named Cosmic Ringtones & Sonic Realms... Your Universe Is Calling. Curated and produced by Holzman, the collection included a series of instrumental pieces composed, performed, and recorded by his son Adam. The album was released on Holzman's FM Group Music label, distributed by ADA. Awards and honours In 2008, Holzman received the NARAS Grammy Trustees Award. On December 15, 2010, it was announced that Holzman would be awarded the Ahmet Ertegun Award (along with Specialty Records founder Art Rupe) by the Rock and Roll Hall of Fame. Jac Holzman was inducted into the non-performer category of the Rock and Roll Hall of Fame on March 14, 2011, with the induction speech given by Doors member John Densmore. Personal life Holzman is the father of Adam Holzman, a jazz-rock keyboardist