L.A. Reid is going back to his day job and leaving the X-Factor.
The 56 year-old TV talent show judge has admitted he’s kind of neglected Epic Records where he is chairman and decided to call it quits on Simon Cowell’s US version of the show.
Talking to Access Hollywood he said, ‘I have decided that I will not return to The X Factor next year. It saddens me a little bit, but only a little bit. I have a company to run that I’ve kind of neglected.’
Hey and it’s not a small fry label either, Epic records plays host to some big music names meaning that they probably could do with the commander at the helm full time.
But don’t worry, he’s not fallen out with Simon and the pair are still good buddies with Reid saying, “I love Simon. We have a great relationship. We have fun together, we talk, we laugh and do bad things, we’re friends.”
Referring to his stint on the show as “a nice break” he admitted it was time to get back to work.
Ratings on the show which include Britney Spears as judge never got to the intended target with a source saying, “Producers were hoping to pull in between 15-20 million viewers but the show hasn’t reached those expectations and in a recent episode that clashed with the World Series only 5.7 million watched.
“Those numbers add up to cost cutting and Britney will be expendable. So, considering Fox has already renewed The X Factor for a third season, producers will be looking to spend less on the production of the show, including the judges’ salaries.”
With break time over for LA, crunch time approaches for Simon when he has to decide his next move for the show.