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It's Done! L.A. Reid Officially Resigns From Island Def Jam Records! Heading To X Factor U.S.!

Filed under: Music Minute

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Make room for him at X Factor because his schedule is officially clear!

This morning, L.A. Reid, the music mogul behind great acts like Kanye West and Justin Bieber, officially resigned this morning as Chairman of the Island Def Jam Music Group. He made the announcement via a letter he sent out to his staff, which we have for you here.

In the letter, he wrote:

To my Island Def Jam family:

After much consideration, I have decided to leave my position as Chairman of the Island Def Jam Music Group.

I have always thrived on growth and the next great challenge, and I look forward with much enthusiasm to what the future holds.

I am extremely proud of our beautiful roster and all we have accomplished in my seven years with IDJ. We continue to have incredible success together with today’s most phenomenal superstars – Rihanna, Justin Bieber, Mariah Carey, Kanye West, Bon Jovi, Jennifer Lopez, Ne-Yo, Rick Ross, The Killers, The Dream, Chrisette Michele, Jeezy and Ludacris to name a few.

I want to thank all of you for your amazing contributions.

With Warm Regards –
LA

End of an era…but the start of something new!

Nothing standing in his way now of being the X Factor judges panel. That's one!

Who's next???

[Image via WENN.]

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Def Jams CEO On His Way Out?

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Sneaky sneaky!!

Antonio "L.A." Reid, the CEO of Island Def Jams, bailed on appearance to speak at the Billboard 2010 Music & Money Symposium, claiming his son was in the hospital and need surgery!!

However, sources are now claiming this 'medical emergency' may have been bull, and that because of the disappointing sales from Rihanna and Mariah Carey's latest albums, L.A. is feeling the pressure and may be on his way out!

A source said:

"There was speculation among other music executives that this was not entirely the truth. Reid didn't want to answer questions about his future with Island Def Jam. The move left organizers panicked with no speaker with just hours to go. Vevo CEO Rio Caraeff agreed to stand in."

However, Reid is insisting this is not the case, and a friend says:

"L.A. had to cancel because he was called away on family business, not because his son was ill. That was just a story that went around. He isn't afraid to answer questions about his future with the label. He is about to sign J.Lo [Jennifer Lopez] and isn't going anywhere."

So either way it seems that the ill son story was false, which we think is a horrible rumor to perpetuate!! Whoever started it - shame on you!!

What do U think?? Is L.A. Reid trying to bow out after his last few flops??

[Image via WENN.]

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