About 60 people lost their jobs at Interscope and Geffen Records on Thursday when both labels merged into one. According to sources, a budget of $18 million was spent in making and promoting the Will.I.Am, Nicole Scherzinger(Pussycat Doll) and Eve albums - all were bombs and two aren’t even out yet.
SOURCE: Kings of A & R
SEE ALSO: Is Geffen on its way out?
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