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The-Dream and L.A. Reid have been fired from Def Jam, according to Gyant Unplugged.

Vin Vivendi, a french international media conglomerate, with activities in music, television, film, and telecommunications, is reportedly behind the firing, claiming The-Dream as well as LA Reid are out due to disappointing sales figures and exuberant spending.

This comes as a bit of a surprise since L.A. Reid recently signed Shyne to a million dollar deal with the company. Then again, considering how the split with then-President Jermaine Dupri went down, maybe this should have been expected.

The-Dream was Vice President of Island Def Jam; L.A. Reid was Chairman and CEO.

An official statement is expected to be released soon.

We don’t want to say that The-Dream deserved this, but…

REVEALED: The-Dream Filed Divorce Papers Days Before Daughter’s Birth!

Does L.A. Reid Really Think J.Lo Will Save His Career?

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