LA Reid’s Hitco Entertainment is Staffing Up

L.A Reid’s new venture, Hitco Entertainment, is currently recruiting for at least two new staff members.

Founded by Reid alongside entrepreneur Charles Goldstuck, the Los Angeles-HQ’d Hitco is focused on the creation, production, recording, distribution and exploitation of recorded music and recording artist services.

It also runs offices in New York and Atlanta.

After quietly launching in January, Hitco is currently looking for a Senior Finance Associate/Analyst and a Staff Accountant for its Beverly Hills office.

More details on the vacancies are available over on MBW’s Music Business Jobs platform.

Reid’s independent company has raised what sources say is around $75m in funding. Other sources suggest this figure could be as high as $100m.

That cash looks set to be used in part to fund potential acquisitions, investments, and other strategic growth opportunities, according to the Senior Finance Associate job description.

Former GM of Dr. Dre’s Aftermath Entertainment, Kirdis Postelle, who was most recently Senior VP at Warner Bros. Records, is reportedly taking on a leadership role at Hitco.

Postelle previously worked for L.A Reid at his LaFace Records in 1992.