*In an interview with Hot 97’s Angie Martinez Tuesday night, departing Island Def Jam CEO L.A. Reid confirmed that another label gig is in the works and he’ll be announcing his plans “in a little while.”
Reid, who signed on as a judge for Simon Cowell’s “X Factor,” told Martinez that he’s left the Universal building — “I’m packed up and I’m sad and I’m out” — and then spoke briefly about his plans.
“Listen, I’m nobody’s fool, I didn’t give up my day job,” he said. “I just left, I had to leave Universal Music Group and try my hat on someplace else, that we’ll announce, well… we’ll announce that in a little while.”
He confirmed Martinez’s question that he did not leave the label because he’s taking the “X Factor” job, saying the two were not directly connected. “It’s a little bit of a shift,” he said.
“You’re not done with me yet,” he stressed. “I’m telling you the truth: I have not been shipped off to TV land. I am a record executive and I shall be right there in your face with my records.”
There has been industry talk that Reid will join his former Universal boss Doug Morris, who takes over as CEO of Sony Music Entertainment on July 1.