After nearly six years at Epic Records, legendary mogul L.A. Reid has stepped down as chairman/CEO of the label. Variety broke the story.
Epic Records has not commented on the story yet. However, Reid sent out this cryptic tweet yesterday:
“Never confuse a single defeat with a final defeat.”
– F. Scott Fitzgerald #BeEpic
— LA Reid (@LA_Reid) May 10, 2017
Reid has been one of the most successful moguls in music history. He built his legacy in the ’90s by breaking artists like Outkast, Usher, TLC, and Toni Braxton, who were all signed to his and Babyface’s label LaFace.
In the 2000s, he went to Def Jam and helped reestablish the career of Mariah Carey (she dropped the classic The Emancipation of Mimi during this era.) In 2011 Reid went to Epic, and he turned artists like Meghan Trainor, Future, Travi$ Scott, Fifth Harmony, and DJ Khaled into stars.
It’s especially interesting timing when you consider that DJ Khaled’s latest single, the Chance The Rapper, Lil Wayne, Quavo, and Justin Bieber-featured “I’m the One,” just went number one.