Label news……………………………….
According to Sources Def Jam is laying off 40 staffers. “Jay-Z, L.A. Reid and Jermaine Dupri are still getting paid millions … and running the company into the ground,” says a source
And….
WEA is cutting 70 staffers serving the traditional brick-and-mortar marketplace. Warner’s goal is to become digitally focused.
Artist news….
Sounds Under Radio will be showcasing for several major labels on May 29th at 10pm at the Mercury Lounge.
KOAR will be talking about NEW artists’ shortly…stay tuned.