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FRI. BRIEF: UMG Reports Strong Q1 • Epic Bids L.A. Reid Farewell • Prince vs UMG Updates • More

L.A. Reid Out As Chairman, CEO Of Epic Records

LA ReidL.A. Reid is out as chairman and CEO of Sony's Epic Records after six years. The axe fell just a month after former Columbia Records boss Rob Stringer became CEO of Sony Music Entertainment.  

The sudden shift was unexpected given that Reid delivered two #1 albums so far in 2017 from Future and major hits from DJ Khaled and Travi$ Scott.