In a surprising development, it has been announced that L.A Reid will be departing Epic Records after six years.
Variety confirmed the news moments ago, but have yet to to confirm additional details.
The move comes as a shock to many, given Reid’s recent streak of success with acts such as Future, Fifth Harmony, DJ Khaled, and Meghan Trainor.
It’s also odd in light of the fact that Reid only just re-located Epic HQ to Los Angeles, moving himself – as well as the label’s main operations – from NY to LA.
What’s more, it arguably leaves a number of the high-profile acts he brought back to the Sony fold in limbo – such as Jennifer Lopez and Mariah Carey. The latter of whom only just partnered with Reid and Epic for her new Butterfly MC Records label.
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Reid joined the Sony Music imprint in 2011 and was immediately tasked with reviving what was, at the time, barren-land. It was far from easy and his job looked to be in jeopardy in those early days, but he eventually generated momentum. A reality which makes today’s development somewhat puzzling.
An established industry icon, Reid will likely find his footing once again.
After all, he has enjoyed wildly successful stints as part several labels housed under the Sony and Universal umbrellas; he’s also an integral part of the careers of superstars such as Rihanna, Usher, TLC, and Mariah Carey.
F*** la reid, talk about how jay z just finessed diddy right after they released the hip hop cash list on forbes. That’s what Epic, not LA reid. She should of been left epic stealing people money.
Smart for Mariah to get her own label. Sony will lose ? If she walks again. She would walk citing breach of contract. Sony makes more with her on the label versus her off the label. She still sells over 400,000 copies a year in back catalog sales. She probably knew he leaving. She can now be her own boss and distribute her own music with Sony only.
Didn’t realize he was still apart of any record label!!
Was he Terminated.. Now I understand the slow movement of June’s Diary… Is June’s Diary still on EPIC Frank Gatson would know.. Kelly Rowland has been everywhere but she says nothing about June’s Diary.. Something is going on. Those girls are talented.. Good Luck to them.
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