4. Lady Gaga
On the face of it, the former Stefani Germanotta seems like she was born to be a modern pop star. Her records were instantly huge sellers and she shrewdly utilized her social media accounts to create a fan base which is as devoted as any ever seen in the industry. It seems unlikely to believe that any record company would have looked at Lady Gaga and not instantly had large dollar signs flash before their eyeballs. Unlikely, but not impossible. ALSO SEE Celebrity Focus: The wealth & expensive lifestyle of Mario Balotelli (With Pictures)
Def Jam supremo L.A. Reid certainly saw the potential of the young singer and promptly signed her up to the label, years before she cut any records. Sadly for Reid, he unceremoniously dropped her before she recorded her first single, due to tight finances meaning that the money earmarked for Gaga was thought better spent elsewhere. While it is certain that every record label featured in this article would do things differently had they the chance, few are as sanguine about their decisions as Reid. He went on to describe the decision to jettison Gaga as “the biggest mistake of my professional career”.
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