Arista required Reid to replace Clive Davis as condition of buyout
L.A. Reid · Music Mogul: L.A. Reid · Nov 7, 2016 · at 18:08
Record executive and producer L.A. Reid reflects on the terms set by parent company BMG/Arista when acquiring LaFace Records.
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“The owners of Arista, they said, we'll buy your label, but you'll have to agree to a move to New York. B, you'll have to replace Clive Davis and take over Arista Records as its president.”
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