L.A. Reid, the former Chairman and CEO of Epic Records, is looking to get back
into the music industry.
The long-standing music executive, who exited Epic in May 2017 amid accusations of sexual
harassment from a former assistant, is teaming up with Charles Goldstuck, the former Executive Chairman
of TouchTunes Interactive Networks, to launch the music and publishing company Hitco, according to the New York Post.
Billboard is reporting that Sony, the parent company of Epic Records, settled the claim
with the employee in the summer.
Reid’s work with Hitco goes back to 1996, when he formed the Hitco Publishing Group
in partnership with Windswept Music. Beyoncé and Sean Garrett were among the company’s signees.