A source exclusively tells BOSSIP that LA Reid is about to get the axe from Island Def Jam Records. Check the details under the hood.
Chairman and CEO of Island Def Jam Music Group LA Reid is about get fired, according to a close source. Apparently the lackluster sales of Rihanna’s Rated R album and the deal that he made to sign rapper Shyne which was close to 7 milli has caused people to second guess his judgment as a CEO and businessman.
Damn, looks like LA ain’t bringing in half of what he’s putting out and Island Def Jam is fed up.