Def Jam Validates Those Rumors That It Only Exists to Feed the Interests of Execs
No sooner do we get done passing along rumors of massive upheaval at Def Jam – executives fleeing, 40 people laid off – than Jermaine Dupri, who runs the Island label under Def, announces he's signing girlfriend Janet Jackson away from rival Virgin. Certainly that'll help squash rumors that the label has become a playground for its executives who are throwing cash around. (Janet's latest, 20 Y.O, has moved just 650,000 copies domestically and is widely considered a bomb.)
And of course, over at Warner Music, they're laying off 400. Good! Times!
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