The cause of death was an unspecified form of cancer, Britain’s National Film and Television School (Nfts) – which Powell headed for more than a decade – said in a statement. He died in Oxford surrounded by his family.
Born on November 4, 1950, in the small village of Great Kingshill, in Buckinghamshire, Powell started out running a record shop and was among the founding partners in 1972 of Virgin Records, which became one of the U.K.’s top recording labels before being sold to Emi 20 years later.
In 1983 Powell co-founded U.K. video label and production outfit Palace Pictures with Stephen Woolley. They produced a string of standout titles such