LA Reid Can"t Handle The Heat????

A while back I posted on a rumor that I had heard about L.A. Reid and his not up to par work at his label, and now it seems through his actions he is proving those rumors to be true. L.A. Reid has found himself in hot water after being accused of mishandling many of his label’s biggest projects during the last year. The Island Def Jam CEO has been facing pressure from Lucian Grainge, the new Universal Music Group CEO, following his rampant spending and the incredibly low sales of Mariah Carey and Rihanna’s recent releases. Reid’s recent efforts to sign Jennifer Lopez (who has not had a hit record in years, and has been bombing as of late) have made him the target of serious media criticism.
Reid was scheduled to answer questions from fellow industry moguls regarding the issue at the Billboard 2010 Music Money Symposium at the St. Regis last week but he failed to make an appearance after one of his sons mysteriously fell ill. To date, Carey’s "Memoirs of An Imperfect Angel" has sold just short of 500k units since it’s release in September while Rihanna’s "Rated R" has only shipped 2.5 worldwide compared to the 2.6 million that her "Good Girl Gone Bad" album sold in the US alone.

TOld You...LOLz


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LA Ried...Sorry Your Out?

Rumors are flying that by the end of the year, Chairman and CEO of Island Def Jam Music Group LA Reid whose is responsible for signing and helping bring Mariah Carey, Avril Lavigne,Toni Braxton, TLC, Usher, Ciara, OutKast, Dido, Kerli and Pink will be out of a job. Can't say why now, but when it happens then I can report it, cuz it will be news(and not a rumor). But after he ruined Arista Records, you can probably guess.

You ain't heard that from me tho.

Is Mariah Leaving Def Jam? UPDATED

A few of my sources are buzzing that Mariah Carey maybe itching to leave Def Jam. Some are saying it's because Def Jam put half the promotional power behind "Memoirs" than they did "Emancipation" and Mariah ain't happy. Leading some to link the lack of promotional picture to her unwillingness to do so. We all saw "Memoirs" didn't do what Def Jam would have hoped in first week sales, not to mention Mariah's shaky live performances as of late. You didn't hear it from me but, allegedly Mariah and LA Reid are at odds as well. Mariah was signed to Def Jam in 2002 for a min 3 albums(has she fulfilled that). ‘Memoirs…’ has thus far shipped an underwhelming 325,000 copies in the US.

Do you thing Mariah should move on?


UPDATED
Mariah Carey’s ‘Memoirs of An Imperfect Angel’ remix album will be in stores in February 2010. The news was confirmed today by Mariah's manager Chris Lighty via his official twitter page.
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