Erykah BaduErykah Badu sent the music industry into a fury yesterday announcing that her record label Universal Motown is defunct, but now comes news that the story was fabricated.

Badu tweeted "Motown folded," to her over 300,000 followers Wednesday (June 8) afternoon. Adding more credibility to her words is the fact that label head, Sylvia Rhone, stepped down from her post in late May, but sources close to the situation are refuting the singer's claim.

"They are searching for someone to bring in a senior creative role," a source told Billboard. "If it's someone that's really creative-oriented, then it might be a different title, but if they find someone creative with business qualifications, then it could be president."