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Arista records, home of such artists as Dido, Sarah McLachlan, Aretha Franklin and Tears For Fears, is hurting in a really bad way.
Posted by Casper at March 11, 2004 11:17 AM...[T]he vast majority of Arista's approximately 175 employees will be let go, sources said. Although the label is expected to retain its own small staff of marketing and talent executives, Arista in essence will be folded into Bertelsmann's RCA Music Group division, sources said.
Arista's artist roster, which includes acts such as Outkast and Pink, will be divided among the company's other major labels. The RCA division is expected to take charge of longtime Arista acts including Whitney Houston, sources said. Bertelsmann's Jive Records is expected to take on acts signed through Arista's LaFace venture, including Outkast.