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'