According to various sources the, “Word on the street is that LA Reid, and Dream are out at Def Jam as executives. 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. After several years it’s clear that dog won’t hunt.”
Antonio “L.A.” Reid (born June 7, 1956) is a three-time Grammy Award-winning American[c record executive, songwriter, and record producer, best known as the co-founder of LaFace Records. He is responsible for signing and helping bring Mariah Carey, P!nk, Justin Bieber, Avril Lavigne, Toni Braxton, TLC, Usher, Ciara, OutKast, and Dido to multi-platinum album sales.
He was the Chairman and CEO of Island Def Jam Music Group and President and CEO of Hitco Music Publishing, based in Atlanta.
The-Dream, is an American R&B and pop singer-songwriter and record producer.
The-Dream met R&B producer Laney Stewart in 2001, who helped him sign a publishing deal. He spent two years working on Nivea‘s second album ‘Complicated’, and continued to write and produce with Christopher “Tricky” Stewart, Laney‘s brother. Together, The-Dream and Tricky produced Rihanna’s 2007 hit “Umbrella” and Beyoncé‘s “Single Ladies (Put a Ring on It)”, which boosted The-Dream‘s music career. He signed a deal with Def Jam Records in 2007, and released his debut studio album ‘Love Hate’ later that year. In March 2009, The-Dream released his second album ‘Love vs. Money‘. In June 2010, The-Dream released his third album titled ‘Love King’.
This news has not yet been confirmed, however, as soon as a confirmation is made you will be immediately informed.
Source: Gyant Unplugged/Examiner.com