You’re Fired: LA Reid & Dream Thrown Out On Their Ass From Def Jam Offices!
Word on the street is that LA Reid, and Dream are out at Def Jam as executives. According to my source, Vin Vivendi, a french international media conglomerate, with activities in music, television, film, and telecommunications, is cleaning house, and Dream as well as LA Reid are out due to disappointing sales figures and exuberant spending . After several years it’s clear that dog won’t hunt.
Nobody should be surprised by this. I’ve been talking about LA Reid’s departure from the music company for more then six months, like I did with Jermaine Dupri sudden unceremonious departure .
You all said I was crazy, and even Def Jam made my former Editors at SOHH buck and force me to change the story, but look at what happened.
Red Zone needs to be mad nervous, that money pit is about to dry up. Im still digging up dirt, but its soooooo a done deal. Of course everybody from Island, like with Jermaine Dupri when I broke that story, isn’t talking officially. But trust its a done deal.
Story Developing….
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