L.A. Reid Launching Entertainment Company
Rumor has it that L.A. Reid is joining the entrepreneur world. Reportedly, the 61-year-old music executive is planning to launch his own entertainment company. This news comes on the heels of him allegedly being fired in May, as the chairman/CEO of Epic Records.
We hear that he’s already starting to try to sign talent and secure a staff for the new venture. The name of the company has not been announced, but reportedly it will include a record label and publishing unit, and will also represent producers.
This year, he left Epic after a former female assistant claimed that she had been sexually harassed by him. Reportedly, Sony reached a settlement with the accuser.
Reid has served as the chairman and CEO of Epic Records, a division of Sony Music Entertainment, the president and CEO of Arista Records, and the chairman and CEO of the Island Def Jam Music Group. Reid was also the founder and CEO of Hitco Music Publishing and the co-founder of LaFace Records. Over the course of his career he has worked with artists including Fifth Harmony, Kenneth Babyface Edmonds, Bobby Brown, Johnny Gill, Boyz II Men, Outkast, Toni Braxton, TLC, Mariah Carey, Avril Lavigne, Paula Abdul, Pink, Justin Bieber, Meghan Trainor, Rihanna, Kanye West, Usher, Ne-Yo, 21 Savage, Young Jeezy, Ciara, Zara Larsson, Jidenna, Jennifer Lopez, Future, Travis Scott and Rick Ross.