Steve Rifkind, the founder of Street Records Corporation (SRC), is responsible for signing Akon, Melanie Fiona, Shontelle, Asher Roth and David Banner to his label. Yesterday (July 31) he confirmed that he will end his role as CEO of SRC.
“All great things come to an end. Yes it’s true I’m leaving SRC Universal as of Sept 1. Want to thank all the artist 4 a great run,” Rifkind wrote on Twitter.
Started in 2002, SRC a subsidiary of Universal Music Group, hit major success with Akon’s three platinum albums. Prior to SRC, Rifkind launched Loud Records in 1991, which jump started the careers of Wu-Tang, Mobb Deep, Three 6 Mafia and Big Punisher.
Rifkind adds that he’s not walking away from music insisting, “I will stay in Music just give me a few weeks to spend time with my family.”
After two decades at the helm of SRC Records, music mogul Steve Rifkind is stepping down from his position as CEO. The news has sent shockwaves through the music industry as fans and industry professionals alike are left to wonder what this means for one of hip-hop’s most influential record labels.
Rifkind has been a major player in the entertainment world since 1992 when he founded Loud Records. He was then appointed President and CEO of SRC (formerly known as Street Records Corporation) before becoming Chairman in 2013. Through these roles, Rifkind has helped launch some of today’s biggest rap stars including Akon, Talib Kweli, Busta Rhymes and more.
The timing of his departure could not be more significant – it comes just days after the label released its first Grammy-nominated album in over a decade! With so much history behind him and an impressive roster still under his wing, there is no telling what impact Steve Rifkind’s exit will have on the future of SRC Records.
Background And History Of Src
Steve Rifkind has announced his decision to step down as CEO of SRC Records, the hip-hop label he founded in 1995. The news comes after a successful 25 year run that saw SRC become one of the most influential labels in rap music.
SRC initially launched as an imprint within Universal Music Group and quickly made a name for itself by signing some of the biggest names in rap, including Wu-Tang Clan, Mos Def, Talib Kweli and Busta Rhymes. It was also instrumental in helping launch the careers of artists like Lil’ Kim and 50 Cent.
In addition to its success as a record label, SRC also branched out into other areas such as television production, film distribution and artist management. Over the years it has served as a platform for many emerging artists to showcase their talent, with Rifkind providing invaluable guidance throughout the process. As he steps away from his role at SRC, there’s no doubt that Steve Rifkind will continue to have an impact on the rap industry for years to come.
Leadership Transition At The Company
With Steve Rifkind’s departure, SRC Records is now looking to the future and preparing for a leadership transition. The company has already appointed a new CEO, who will be responsible for continuing to build on the legacy that Steve created. This individual brings with them an impressive track record of success in the music industry and is sure to keep SRC moving in the right direction.
In terms of what this means going forward, it’s important to note that SRC remains committed to its roots as a hip-hop label while also exploring other areas such as film distribution and artist management. With a strong team in place and plenty of experience under their belt, SRC looks poised to continue its role as one of the most influential labels in rap music.
The change at the top may bring some uncertainty, but given everything Steve Rifkind has done for SRC over the past 25 years, there is no doubt that his commitment to quality and innovation will live on through his successors. It’s safe to say that with this kind of vision driving the company, SRC Records is well positioned for continued growth and success in the years ahead.
Conclusion
In conclusion, Steve Rifkind’s departure from SRC marks the end of an era. After founding the company in 1993 and leading it for 27 years, he will be stepping down as CEO to pursue other interests. He has been a great leader, growing SRC into one of the largest independent music labels in hip-hop history.
His leadership at SRC was instrumental in discovering new talent and launching many successful albums over the years. His accomplishments have made him a pioneering figure in the music industry. He leaves behind a lasting legacy that will continue to shape the landscape of hip hop and urban culture.
Steve’s departure is definitely going to leave a big void at SRC but I’m confident that they’ll find another great leader who can pick up where he left off and help them reach even greater heights in their success. It may take some time before we truly understand what his exit means for SRC but there is no doubt that his impact on the label will not be forgotten anytime soon.