L.A. Reid, The Dream Reportedly Fired From Def Jam
(Hip Hop Wired) — Def Jam label head L.A. Reid is reportedly out of a job today after losing his position at Def Jam Records.
The music exec who recently signed Shyne to a million dollar deal with the company, has been ousted according to various published reports.
The music blogger reports that music conglomerate Vin Vendi is behind the let-gos linked to exuberant spending and poor record sales.
An official statement on the incidents is expected to be released.
HipHopWired will keep you informed as this story develops.