Tag Archives: hitco

Kareem ‘Biggs’ Burke Says He and SAINt JHN Was Screwed Out Their Masters by L.A. Reid’s HitCo Sale

Saint Jhns Manager Biggs Burke Slams L.A. Reid For Allegedly Lying About Deal TMZ 1 5 screenshot

Kareem “Biggs” Burke and SAINt JHN are accusing founders of HitCo L.A. Reid and Charles Goldstruck of bad business. Speaking to TMZ, Burke stated he and JHN were misled in the sale of their catalog.

Reid and Goldstuck sold HitCo to Concord Music for $75 million in August. Prior to the sale, Burke and SAINt JHN learned about the deal and were interested in buying back their masters. The HitCo duo reportedly stated it was just a rumor, only to turn around and sell the label.

In addition, Burke stated he offered to buy HitCo in a joint deal with another group. After the sale, Burke stated he offered $25 million for the masters to HitCo and Concord, but the deal was rejected.

SAINt JHN was released from his deal, but the catalog remained with Concord. You can hear it from Biggs below.

The post Kareem ‘Biggs’ Burke Says He and SAINt JHN Was Screwed Out Their Masters by L.A. Reid’s HitCo Sale appeared first on The Source.

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L.A. Reid, Hitco Team & Pilgrim Media Group Link to Change the Face of Music TV

L.A. Reid and Charles Goldstuck of Hitco Entertainment are partnering with Craig Piligian of Pilgrim Media Group to develop and produce a music-focused television business that will be distributed across multiple platforms. As apart of their vision, the two companies already have two production projects in the works. One of the projects is an untitled documentary project about Atlanta’s Black music scene, that L.A. Reid helps push into the forefront with LaFace Records in the early 90’s. The documentary will include L.A. Reid, himself, along with other credible Atlanta artists such as TLC, Usher, Ludacris, Gucci Mane, Migos, and more.

In addition, the two companies are planning production for a music competition program called ‘Take The Lead’, that aims to build the next major act in music.

Reid and Goldstuck expressed their excitement in teaming up with Piligian:

“We’re beyond thrilled to partner with Craig and the innovative content creators at Pilgrim. Given their diverse portfolio of programming and Craig’s unparalleled experience as an industry pioneer, we’re looking forward to the launch of our television business, which we see as a continuation of our many years of experience developing and producing cross-platform content.”

Simultaneously, Piligian returned much of the same eagerness about his new partnership with Reid and Goldstuck and said, “In all respects, L.A. and Charles have each made a tremendous impact on music. We are excited to be working with them to push the boundaries of the music programming genre with these projects and more to come.”

The post L.A. Reid, Hitco Team & Pilgrim Media Group Link to Change the Face of Music TV appeared first on The Source.

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