Mariah Closes Record Label

Ending months of speculation regarding its future, Crave Records founder Mariah Carey has decided to close the label.

As part of the process, Sony Music will assist Crave in finding a home for its artists and staff at other Sony Music labels.

"The most important thing to me and Sony Music is making sure the artists are well taken care of, whether they end up somewhere else with me in the near future, or stay within the Sony system," says Carey.