In the past; I’ve reported that L.A Reid resigned from his position over at Island Def Jam and became a judge on The X Factor. Also it was announced that he would take over a new position at Epic Records.
Reid was officially named Chairman and CEO of Epic Records and he released an official statement.
“I look forward with great enthusiasm to joining the Sony Music family, as it affords us the opportunity to build Epic Recordings as the revolutionary music company of tomorrow. We are deeply committed to discovering and developing the next generation of superstars as well as implementing a fresh and innovative business model,” Reid said in a statement. “It is also my distinct pleasure to be once again joining Doug, who is an amazing leader and the most visionary and forward-thinking executive in the music entertainment industry.”
Source: L.A. Times
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NEXT PAGE: DOUG MORRIS STATEMENT ABOUT L.A. NEW POSITION
The announcement came from Doug Morris, CEO of Sony Music Entertainment. Reid will report to Morris and oversee the day-to-day operations of the New York-based label.
“L.A. repeatedly has proven over the course of his celebrated career that he knows how to develop world-class artistry,” Morris said in a statement. “We are very happy to have an executive of his talents leading Epic Records as we begin an exciting new chapter of growth for Sony Music Entertainment.”