News: UPDATE: Island Def Jam's L.A. Reid Termination Rumor Addressed
Tuesday, Sep 21, 2010 5:13PM
A representative from Island Def Jam parent company, Universal, has come forward to address speculation that chairman Antonio "L.A." Reid has been terminated.
According to the rep, Reid has not been let go from Island Def Jam.
Rumors have been spreading all day on the Internet that Island Def Jam CEO, Antonio "L.A." Reid, has been fired from his position at the historic label. XXLMag.com spoke to a rep for parent company Universal Music Group, who says the gossip is false. "[The rumors] are completely untrue and without merit," the spokesman told XXL this afternoon over the phone. (XXL Mag)
Reports of Reid's termination hit the Internet Tuesday (September 21) morning.
Record executive LA Reid during his tenure at Island Def Jam was responsible for heading over mega acts like Rihanna, Mariah Carey, Pink and Justin Bieber. Despite the fact that these artists are huge on popular consciousness, LA Reid still hasn't been able to pull off any super sales. So... according to information on the entertainment wire, LA Reid got LET GO: "Def Jam fired L.A. Reid," the source tells us. "He got the boot from the Board of Execs yesterday." (Dime Wars)
Additional reporting suggested more executives were in danger of losing their respective positions.
Of course, the Def Jam folks are planning to keep the announcement very P.C. They will likely put out a statement saying things were cordial and/or mutual. But that's def not the case, according to our source. Def Jam indeed did not renew his contract. We're not privy to the details on the reasons behind the split. But we do know lots of politricks were involved. We also hear Sylvia Rhone, Executive VP at Def Jam's parent company Universal, is next on the chopping block if Kelly Rowland's next album doesn't do well. So new blood will be riding in to Def Jam/Universal soon. Who will it be.... (The YBF)
Since the mid-2000's, Reid has earned a name for himself as the company's chairman and CEO.
In 2010, Antonio "L.A." Reid continues his sixth year as Chairman, Island Def Jam Music Group. While nurturing the careers of Island Def Jam's core artist roster and bringing an array of new artists to the forefront, he has aggressively guided the company into a future where the synergy of artists, music, video, new technologies, new business models, and a host of unforeseen marketing and promotion innovations are all being developed. (Island Def Jam)
Check out some recent footage of L.A. Reid down below:
For the latest gadgets, gear and giveaways, check out GetFrush.com.