Producer, Hemdale co-founder dies at 71

John Daly entered the entertainment business in 1967

John Daly, the British-born producer who presided over back-to-back best picture Oscar wins as the executive producer of 1986's "Platoon" and 1987's "The Last Emperor," died Friday at Cedars-Sinai Medical Center in Los Angeles after struggling with cancer. He was 71.

Since 2003, Daly had been chairman of Film and Music Entertainment Inc. He also had begun to establish himself as a director, producing, co-writing and directing 2004's "The Aryan Couple," starring Martin Landau.

Daly entered the entertainment business in 1967 by joining forces with actor David Hemmings to form Hemdale, a company that managed such rock bands as Yes and Black Sabbath.

Hemdale later became a leading independent film producer and distributor in the U.K. with movies like "Tommy," according to a biography issued by Film and Music Entertainment. Under Daly's stewardship, Hemdale produced more than 100 films that grossed more than $1.5 billion.

Daly hit his stride as a film producer in the '80s, working with such directors as Oliver Stone ("Salvador"), James Cameron ("The Terminator") and John Schlesinger ("The Falcon and the Snowman"). He was involved in films that scored 21 Academy Awards nominations and 13 wins.

Daly recently concluded postproduction on "The Box Collector," a suspense film that he directed.

He is survived by three sons, Michael, Julian and Timothy; and his daughter Jenny.

The Associated Press contributed to this report.