It's official. Barry Weiss has been named Chairman & CEO of Island Def Jam and Universal Motown Republic Group. The appointment comes on the heels of Antonio "L.A." Reid's departure from IDJ, which was announced today. According to sources, Reid is headed to Simon Cowell's 'The X Factor,' where he will serve as judge.
Weiss arrives at the Universal Music Group-owned labels from RCA/JIVE Label Group, where, as chairman and CEO, he oversaw a roster that includes Justin Timberlake, Jamie Foxx, Kelly Clarkson, Britney Spears, Kings of Leon, and Jennifer Hudson.
Said UMG chairman Lucian Grainge in an internal memo: "Throughout his career, Barry achieved that rare and delicate balance between managing artistic needs and the realities of the business. He is a multidimensional executive and entrepreneur, who possesses a deep love of music and an incredibly successful track record in building the careers of premiere artists. He has the talent and commitment to help take these two great companies to new heights."
Weiss' new position, which is based in New York, puts to rest rumors that the executive could come in above Jimmy Iovine, who runs the very profitable Interscope Geffen A&M Records and is a permanent mentor on "American Idol" this season. By heading IDJ and Universal Motown, Weiss will oversee Universal Republic (Amy Winehouse, Owl City), Mercury Records (Duffy, Matthew Morrison) and Universal Motown (Lil Wayne, Nelly, Nicki Minaj). IGA, which is based in Los Angeles, will not see its management structure affected.