Arista Records/Nashville chief Tim Dubois confirmed Thursday that he has signed a new pact, ending speculation that he would move to Sony Music’s Nashville operation.

Dubois declined comment on the specifics but said he was “very pleased” with the new contract and was “glad to have the decision behind me.”

He added that an official announcement will be made next week.

Sources say the Dubois deal rivals the contract of Liberty Records head Jimmy Bowen, Nashville’s top wage-earner. An equity stake in Arista and the formation of a second label are said to be among the key components of Dubois’ new multiyear deal.

Sony Nashville exex are said by sources to be devasted by the news, as many hoped privately that the arrival of Dubois would signal a revitalization of that label. Sony also lost an earlier bidding war for the services of MCA Nashville exec Tony Brown, who also opted to stay at home. Brown was upped to president and given a hefty raise and incentives as a result of the Sony dickering.

Names of new potential candidates have not yet surfaced, but some are speculating that Sony will have to consider hiring two exex to fill its executive void.

Some suggest James Stroud, president of Giant Records/Nashville and a noted producer, may be the next exec wooed by Sony, but his lack of administrative background would likely require Sony to hire a strong administrator to team with Stroud.

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