AMANDA GHOST NAMED PRESIDENT OF EPIC RECORDS - She'll join the label on Feb. 16 and fill the opening made when Charlie Walk left in December 2008. Ghost comes from the music side of things, having been a Grammy-nominated songwriter and a performer; she's worked with Beyonce, James Blunt, Jordin Sparks, Kanye West, Shakira and Jay-Z and released her debut solo album Ghost Stories on Warner Bros. in 2000, as well as other records in the U.K. on her own label, Plan A Records.

According to our sources, it's possible that almost half of the current roster could be dropped, and there could be further house-cleaning, staff-wise, in the A&R department.