Whoah! The music industry has just literally changed right before our very eyes! In an effort to save money & resources RCA has just announced they are shutting Jive, Arista & J Records. This means your favorites like Whitney Houston, Britney Spears, Fantasia, Jamie Foxx, Alicia Keys to name a few are all being shifted elsewhere.
Amid some big changes in the music industry, new RCA Records CEO Peter Edge and longtime colleague Tom Corson who was promoted to president and COO in August, have officially shuttered historic labels Arista and Jive. J Records, launched by Clive Davis in 2000 as an “instant major,” will also see its artists bequeathed to RCA.
“The path we’ve taken is to refresh RCA, so we’re going to retire those brands,” Corson tells The Hollywood Reporter in a new interview. “There may be a reason down the line to bring them back, but it’s a clean slate here.”
Jive Records, run by Barry Weiss for nearly 20 years, was home to multi-platinum pop stars Britney Spears and Justin Timberlake. Arista was founded in 1974 also by Davis, who signed Whitney Houston, Aretha Franklin and Baarry Manilow to the label. In recent years, it saw releases by Usher and Pink. All artists will now fall under the RCA Records banner.
“The concept is that there isvalue in branding RCA and not having it confused or diluted by other labels,” says Corson. “The artists have all been supportive. We didn’t make this move without consulting our artists, and we haven’t had any push-back. Frankly, they’re the brand. We’re defined by our artists.”
The move follows a round of layoffs in which dozens of staffers were let go, including longtime executives Richard Palmese J’s evp of promotion, who had been Davis’ righthand man for three decades), Tom Carraba and Peter Thea (both Jive evps) and roster cuts made (American Idol season 9 winner Lee DeWyze was a casualty), all in an effort to significantly downsize the label. “We’ve learned to work with less and hopefully accomplish the same or more,” Corson adds. “But by definition, the business has shrunk – the staffing has shrunk, our rosters are smaller. But we’re still profitable.” [source]
WOW! The recession is real folks!
The fellas are quite happy that none of them are signed to any of those labels….