Home Videos Photos Shop
PerezHilton CocoPerez Selena Gomez Kim K. Taylor Swift Royals PerezTV

All tag results for music 038 money symposium

Def Jams CEO On His Way Out?


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.]

Tags: , , , , , , , , , ,

Permalink / 17 comments