Dimitrios Kambouris, Getty Images
Rumors of Reid heading to another label began soon after he announced he was stepping down from his post at Island Def Jam in March to join 'The X-Factor.' Sony Entertainment's new CEO is Doug Morris, formerly of the Universal Music Group, who officially steps into his post on July 1.
Coincidentally, Reid is scheduled to officially start at his new post after the July 4th holiday weekend. Epic is also the home to Sony Entertainment, the same label that will give the winning 'The X-Factor' contestant $5 million dollar grand prize that includes a record deal.
Overseeing Jive Records will reunite Reid with Pink and Usher, both artists originally signed to the executive's LaFace Records. With Kenneth "Babyface" Edmonds, Reid started LaFace in 1989, which went on to sign superstar acts like OutKast, TLC and Cee Lo. Interestingly, OutKast is still signed to Jive Records -- Big Boi's solo album was released via Def Jam -- so a new album from the Atlanta rap duo could possibly be in the cards.
The U.S. version of Simon Cowell's 'The X-Factor' that Reid is a part of will be premiering in September.
Watch Usher's 'OMG'
Kellie Pickler Named 'Dancing With the Stars' Champion
J. Cole Performs 'Born Sinner' on 'Late Night With Jimmy Fallon,' Reveals Competitive Spirit Against Kanye West
Kellie Pickler Gets Puppy Surprise After Moving 'Dancing With the Stars' Performance
Blake Shelton Joins NBC in Organizing Oklahoma Tornado Benefit Concert
Beyonce Releases New Anthem, 'Grown Woman'
Charlie Sheen Gets Back To His Roots
Toby Keith Returns to Help Family, Friends in Moore, Oklahoma
WHOOPS! Obama Makes Big Gaffe
Black Hippy Release 'U.O.E.N.O.' Remix
Mariah Carey Curses And Busts Out Of Dress On Live TV
Mariah Carey's Dress Busts Open During 'GMA' Performance
Jury Foreman: '18 Days Of Testimony Hurt' Jodi Arias
Miranda Lambert's MuttNation Foundation to Aid Moore, Oklahoma Animal Rescue Efforts
What It's Like To Talk To A 2-Year-Old
Carrie Underwood Says She's 'Queen of Awkward' in Marie Claire Interview
Best Friends Reportedly Die Holding Each Other In Tornado
New Trayvon Martin Evidence Features Incriminating Photos, Texts From Teen
Killed Soldier In London Attack Identified
Rapper Accused Of Faking His Own Death To Escape Payments
Danny Tanner Is Fighting With Topanga
LISTEN: Terror Inside Elementary School As Tornado Hits
Luke Wilson Caught Staring At Fan's Chest
Teenager's 'Awww'-Inspiring Drawing Wins Big At Google
WATCH: Police Force Shows Up To Support 5-Year-Old Who Lost Her Dad
Bridge Collapses In Washington State
Pope Francis Says All Who Do Good Are Redeemed - Atheists Included
Jodi Arias Jury DEADLOCKED
PHOTO: Dog Guards Dead Victim's Body After Oklahoma Tornado Disaster
Surgeons Remove Giant Hairball From Tiger
LOOK: Photoshop Mistake Is Seriously Cringeworthy
LOOK: Bank Vault Saves 22 Lives During Tornado
Man Reportedly Beheaded In Brutal Assault In London Neighborhood
Mum-Of-Two Faces Down Woolwich Attack Suspects
1 Comment