LaFace To Sell Remaining Portion Of Label
Sources say LaFace Records label founders Antonio "L.A." Reid and Kenneth "Babyface" Edmonds are going to be selling the remaining 50% of their company. Billboard reports that Bertelsmann Music Group (BMG), which distributes LaFace through its Arista label, is said to be in negotiations to purchase the label for $125 million. BMG already owns half […]