Antonio "LA" Reid Tapped To Head Def Jam

Former Arista CEO Antonio "LA" Reid, has been tapped to head up Univeral's Island Def Jam record label.Reid will become Chairman and CEO of the label, in a three-year, multi-million dollar agreement that he is expected to sign next week.The hiring of Reid, who is known for spotting talent, comes during turbulence in the music industry.Edgar Bronfman Jr. recently bought Warner Music Group for $2.6 billion dollars.Former Island Def Jam CEO Lyor Cohen left the label last week, to head the North American operations of Warner Music Group.