Quality Control co-founder, Pierre 'Pee' Thomas recently sold off his label to Scooter Braun's HYBE platform for a reported $300 million ... and promptly defended his decision on Instagram.
In 1999, Rush sold off Def Jam Records, the label he co-founded for an estimated $120 million, and was able to branch off into fashion, film, financial service and jewelry!!!and Rush says QC will flourish all the same under Scooter Braun's watch. He also doesn't think race played a role in the sale.
He notes even Scooter sold his company, Ithaca Holdings, to the one he operates now -- which is Korean-owned. Russell reminded us that's just how biz works in America.
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