The landscape of the music industry continues to change, especially among major labels.
On Friday (October 7), it was revealed that long-running majors such as Jive Records, Arista Records and J Records will close up shop — and each will fold into RCA Records.
RCA’s COO, Tom Corson, said in a statement that the decision to “retire” and merge the three labels into one is a part of the plan to reinvent RCA.
However, he added that downsizing may not be permanent; the record labels could possibly be rebirthed in the future if the need arises.
“We’ve learned to work with less and hopefully accomplish the same or more,” Corson tells The Hollywood Reporter. “But by definition, the business has shrunk — the staffing has shrunk, our rosters are smaller. But we’re still profitable. Like any other business, you have to make money. But we’re an efficient machine.”
As part of the move, RCA has reportedly laid off employees and released several artists over the past few weeks.
Artists like Alicia Keys and Mario will likely make the transition and move under the RCA umbrella, as well as Jive acts like Chris Brown and Miguel.