Well now it’s safe to say our prediction is accurate on the label that will fold or be absorbed into another label in a story that we wrote over a month ago. That label was indeed Jive Records. Now the word is out that LA will be heading a newly formed Epic Label Group that will absorb Jive acts and sign new ones with more of a focus on more urban acts for the roster. Doug Morris officially starts July 1st at Sony and sources say LA will follow suit doubling as a judge on the X-Factor as well. Many in the industry are biting their nails waiting to see what the end results will be with all the changes and this move (LA) was one of the most speculated moves since his exit from Def Jam.