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LA REID IS NEW CEO OF "DEF JAM" Universal Music and Antonio "LA" Reid have agreed in principle to a deal that will make Reid the head of Island Def Jam, The Post has learned.
The deal is expected to be signed next week, sources say. The pact under negotiation is a three-year, multi-million dollar deal for Reid to become chairman and CEO of Island Def Jam, a unit of Universal and the music industry's largest hip-hop label. The job at the helm of IDJ became vacant last week when Lyor Cohen agreed to become chairman and CEO of Warner Music's recorded music unit. Reid was recently let go by Arista Records, a unit of BMG, which he ran for almost four years. Reid built his reputation as a prodigious producer of hit records from the likes of Pink and Avril Lavigne, but was ultimately terminated by BMG after Arista lost some $110 million last year. | |
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Reid was ultimately terminated by BMG after Arista lost some $110 million last year.
Wow. Who's the CEO at Arista now, anyway? | |
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I think Mr. Clive Davis is head that way. I know someone here will correct me if I'm wrong. | |
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csharp57 said: I think Mr. Clive Davis is head that way. I know someone here will correct me if I'm wrong.
That's strange because he was Reid's predecessor there at Arista. |
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whodknee said: csharp57 said: I think Mr. Clive Davis is head that way. I know someone here will correct me if I'm wrong.
That's strange because he was Reid's predecessor there at Arista. yeah..I think we know that LA Reid sucks...this is a bad move. | |
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