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| Maverick Records | |
|---|---|
| | |
| Parent company | Warner Music Group |
| Founded | 1992 |
| Founder | Freddy DeMann Madonna Ronnie Dashev |
| Distributing label | Warner Bros. Records (US) WEA (Outside the US) |
| Genre | Various |
| Country of origin | US |
| Official website | Maverick.com |
Maverick Recording Company, is an American record label owned and operated by Warner Music Group, and distributed through Warner Bros. Records.
Contents |
Maverick Records was founded by Madonna, Frederick DeMann, Ronnie Dashev and Warner Bros. in April 1992. 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 Alanis Morissette, Michelle Branch, The Prodigy, Candlebox, and the band Deftones. The label also had success with soundtracks for The Wedding Singer, Jackie Brown and The Matrix.
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, WMG 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. In August of 2006 the band Lillix, which at the time was signed to the label, claimed that the label "no longer exists" and that all the artists were now handled by Warner Bros. directly.
Maverick is bi-coastal, having offices in both New York City and Los Angeles. Maverick Musica was a satellite label focusing on Latin-American music, and was located in Miami, Florida.
As of August 2007, Madonna sold her 60% share of Maverick to Warner Bros Recording Group ending her legal battle with the company.
Below is a complete listing of all artists and products released by Maverick Recording Company during founder Madonna\'s tenure as Chief Executive Officer, 1992-2004:
Jews Who Rock (2001)
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