Music mogul L.A. Reid, former CEO of Sony Music Entertainment’s Epic Records, is now making a comeback to the music biz.
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According to the New York Post, Reid has teamed up with Charles Goldstuck, former executive chairman of TouchTunes Interactive Networks, to launch Hitco, a music, and publishing company.
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Reid took a hiatus from the industry after reports surfaced of sexual harassment allegations against him.
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As for Goldstuck, who is best known as Clive Davis’ right-hand man, he lists himself as founder and co-chairman of Hitco on his personal website.
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Goldstuck spoke highly of Reid saying he is “a highly accomplished operating executive and investor with experience ranging from recorded music, music publishing, and technology.”
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In May 2017, Reid was let go from Sony after a female assistant at Epic accused him of sexual harassment.
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During Reid’s time with the company, the label’s roster included some of music’s biggest stars such as Future, DJ Khaled, Mariah Carey and Diddy’s Bad Boy Records.
LA Reid Makes Music Industry Comeback With New Company Hitco
