Maverick Records

Encyclopedia : M : MA : MAV : Maverick Records

Maverick Records, known on music channels as Maverick Recording Company, is a record label owned by the Warner Music Group and distributed through Warner Brothers Records.

Contents

1 Company history
2 List of currently signed artists
3 Previously signed artists
4 See also

Company history

Maverick Records was founded by Madonna, Frederick DeMann, Ronnie Dashev and Warner Bros. in 1991. The name of the label is derived from the first letters of her name (MAdonna VEronica) and the end of the name of her then-manager (FredeRICK DeMann). DeMann was bought out of the company for a reported $20 million in 1998, after which Guy Oseary increased his stake in the company and took control as Chairman and CEO. Maverick has had noted triumphs with acts like Candlebox, Alanis Morissette, and Michelle Branch.

In March 2004, Maverick filed suit against Warner Music Group and its former parent company, Time Warner Inc., claiming that mismanagement of resources and poor bookkeeping had cost the company millions of dollars. In return, Warner Music filed a countersuit, alleging that Maverick had lost tens of millions of dollars on its own. On June 14, 2004, the dispute was resolved when Maverick shares owned by Madonna and Dashev were purchased by Warner Bros. — which effectively exiled the two of them from the company as it was now a wholly owned subsidiary of Warner Bros. Oseary, meanwhile, remained CEO. Madonna also remains with Warner Bros. without the Maverick label.

Maverick Records

Company history

List of currently signed artists

Previously signed artists

See also