Nothing in the music industry can be kept secret because there is always a leak or people predict what the believe is the next logical move for an individual. In this case many predicted that former Island Def Jam CEO turned X-Factor judge L.A. Reid would land at Sony Music following former Universal Music Group CEO Doug Morris to the world's number two music corporation. Now it is official that Reid will be named Chairman of a restructured Epic Records Group which will consist of Jive Records and other labels. This move reunited Mr. Reid with two artists he discovered and molded, Usher and Pink. It will also still give him a direct line to pop star Justin Bieber who is a protege of Usher's.
Sources tells THR the 55-year-old executive is expected to arrive at 550 Madison just after the fourth of July holiday (Sony Entertainment's new chief executive Doug Morris officially takes the reigns on July 1). In his new position, Reid will inherit the label last helmed by songwriter Amanda Ghost, whose controversial one-year stint nearly destroyed the company. Since her exit in late 2010, things have quieted some, but hits are still hard to come by, despite some significant strides, namely breaking The Script and, on a smaller scale, Denmark's Oh Land.[Billboard]
