WireImage
RCA COO Tom Corson says the decision to "retire" and tuck the three long-standing labels under one brand is a focus on reinventing RCA. However, he's quick to follow-up with a remark that the downsizing may not be permanent; the record labels could possibly be rebirthed in the future if the need arises.
"We've learned to work with less and hopefully accomplish the same or more," Corson tells The Hollywood Reporter. "But by definition, the business has shrunk -- the staffing has shrunk, our rosters are smaller. But we're still profitable. Like any other business, you have to make money. But we're an efficient machine."
RCA has reportedly laid off employees and artists over the past few weeks.
J Records artists like Alicia Keys and Mario will likely make the transition and move under the RCA umbrella as well as Jive acts like Chris Brown and Miguel.
Watch Alicia Keys' Live Sessions at the Beacon Theatre
Kellie Pickler Gets Puppy Surprise After Moving 'Dancing With the Stars' Performance
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
Blake Shelton Joins NBC in Organizing Oklahoma Tornado Benefit Concert
Chief Keef Receives Apology From Katy Perry
Charlie Sheen Gets Back To His Roots
Beyonce Releases New Anthem, 'Grown Woman'
That's An Interesting Look, Madge
Black Hippy Release 'U.O.E.N.O.' Remix
WHOOPS! Obama Makes Big Gaffe
Toby Keith Returns to Help Family, Friends in Moore, Oklahoma
Candid Portraits Of Strippers After Hours
Mariah Carey's Dress Busts Open During 'GMA' Performance
16 Pasta Dishes Worse Than Yours
Blake Shelton's 'Healing in the Heartland' Benefit Show to Include Reba McEntire, Miranda Lambert More
Mariah Carey Curses And Busts Out Of Dress On Live TV
AMAZING PHOTO: UFO Spotted Over San Diego
Killed Soldier In London Attack Identified
Abercrombie Announces Plummeting Sales Amid Controversy
What It's Like To Talk To A 2-Year-Old
Luke Wilson Caught Staring At Fan's Chest
Best Friends Reportedly Die Holding Each Other In Tornado
Danny Tanner Is Fighting With Topanga
Rapper Accused Of Faking His Own Death To Escape Payments
New Trayvon Martin Evidence Features Incriminating Photos, Texts From Teen
Jury Foreman: '18 Days Of Testimony Hurt' Jodi Arias
Teenager's 'Awww'-Inspiring Drawing Wins Big At Google
Surgeons Remove Giant Hairball From Tiger
Brave Woman Stood Down Armed London Attackers
WATCH: Police Force Shows Up To Support 5-Year-Old Who Lost Her Dad
Jodi Arias Jury DEADLOCKED
Mum-Of-Two Faces Down Woolwich Attack Suspects
'DWTS' Shakeup Ahead?
1 Comment