L.A Reid Has Raised $75M For New Label Venture, Say Sources

Started by Lazarus, January 05, 2018, 09:42:38 PM

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Lazarus

Quote
It?s been eight months since Antonio ?L.A? Reid departed Sony Music under controversial circumstances ? but MBW is hearing that the executive has already raised serious funding to stage an independent comeback in 2018.

Having run Epic Records for six years, Reid left Sony in May 2017 ? just one month after the arrival of Rob Stringer as the major?s global CEO.

It was reported at the time that a co-worker of Reid at Epic had accused him of sexual harassment.

However, high-placed sources in the US market have told MBW today that Reid is now believed to have raised as much as $75m funding for a new label venture, likely from private equity sources.

Whispers suggest that the exec has this week moved into new offices in Beverly Hills, Los Angeles ? and is already on the hunt for hires.

Epic?s roster during Reid?s tenure included the likes of DJ Khaled, Future, Fifth Harmony and Mariah Carey.

As the co-founder of LaFace Records ? a JV with Arista ? Reid was involved in the early careers of superstars like Usher, TLC, Toni Braxton, OutKast and Pink.

In 2004, he moved to Island Def Jam, where he worked with the likes of Kanye West, Rihanna and Justin Bieber.

b7


ya rock muh world.



Rxxf

BRANDY


🦚

Not him skoo skooing out of epic cuz he was tired of all them flops.
Hear 'em swarmin', right? (Zz) 🐝 🐝  is known to bite (Zz, zz)
——————///——————-
https://justiceforbreonna.org/

Opposites Attract.

Hopefully he signs something profitable. No more flop acts.


It's unconditional, these days you know....

TogetherAgain


Lazarus

Quote from: 1RIG on January 05, 2018, 09:44:22 PM
I just wouldn?t be able to trust this man

Some people in this business aren't meant to be trusted. He's definitely one of those people.

Lane Bryant Jumpsuit




Lewie D Im Caramel Bitches Ion Wanna hear Im Actin
Different

RAY7

He should sign June?s Diary
and push them to where 5th Harmony was before Camila left

🦚

JD is never happening

La wasn?t here for 5h. He?s the main one that pushed to get GODmila solo.
Hear 'em swarmin', right? (Zz) 🐝 🐝  is known to bite (Zz, zz)
——————///——————-
https://justiceforbreonna.org/

Lazarus

I still can't believe how he abruptly left Keyshia and her project in shambles after he was the one to convince her to sign to Epic.

🦚

It?s keyshia?s own fault for not releasing unbothered as the (lead) single  :cheerup:

Hear 'em swarmin', right? (Zz) 🐝 🐝  is known to bite (Zz, zz)
——————///——————-
https://justiceforbreonna.org/

b7