RCA Shuts Down Jive Records, J Records & Arista Records

RCA Records released an announcement yesterday detailing the disposal of three of its subisidaries: Jive Records, J Records, Arista.

The Hollywood Reporter reports further on the situation,

“RCA executives have announced that the company is shutting down Arista, Jive and J Records, and that all of the artists currently signed to those labels will be folded into the RCA Records roster. “The path we’ve taken is to refresh RCA, so we’re going to retire those brands,” RCA president and COO Tom Corson told the Hollywood Reporter. “There may be a reason down the line to bring them back, but it’s a clean slate here.”

“The artists have all been supportive. We didn’t make this move without consulting our artists, and we haven’t had any push-back. Frankly, they’re the brand. We’re defined by our artists.” – The Hollywood Reporter

What do you think this means for the music industry?