ISLAND DEF JAM FIRES L.A. REID AND THE DREAM?

L.A Reid and The Dream

This news hasn’t been officially confirmed yet but it’s been reported that Island Def Jam bigwigs fired label executives L.A Reid and singer/producer The Dream today.

Via Gyant Unplugged
According to my source, Vin Vivendi, a french international media conglomerate, with activities in music, television, film, and telecommunications, is cleaning house, and Dream as well as LA Reid are out due to disappointing sales figures and exuberant spending .

If L.A Reid has in fact “left the building” then I wonder where this leaves UK group N-Dubz? Reid was the one who signed them.

Anyway once this news is confirmed I’m sure those who remember the Def Jam glory days will be dancing in the streets.