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Arista, Jive & J Records Fold Into RCA Records

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…