RUMOR: LA REID MIGHT NOT BE @ DEF JAM NEXT YEAR! HOPE SHYNE'S ALBUM DROPS BEFORE THEN!

Lucian Grainge, Chairman and CEO of Universal Music Group International out in the UK, will replace Doug Morris as CEO of Universal Music Group (UMG) January 1, 2011. UMG is the parent company of Def Jam and as you may know L.A. Reid is the Chairman of The Island Def Jam Music Group. I'm hearing when he takes over there will be a lot of "re-structuring" at Universal and Mr. Reid's head may be on the chopping block. Apparently Lucian isn't happy with a string of disappointing projects including Rihanna's last album, which only sold 2.5 million worldwide while her previous album sold 2.6 million in the U.S. alone, Mariah's last album flopping and Lady GaGa becoming a superstar at Interscope after Def Jam dropped her. Also, Lucian isn't very happy with L.A. Reid's self promoting demeanor and thinks his private parties, media presence and a reality show he is currently shopping are a gross display of his wealth. L.A. DID just move his Hitco Publishing company from Universal to EMI might be getting ready to split. Hopefully this Shyne project pays off or it may be the final nail in the coffin.

By illseed and Chance