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==Company history== ==Company history==
Maverick Records was founded by ], ], Veronica "Ronnie" Dashev and ] in April ] as part of the entertainment company, ]. The name is combined from the names of the main founders ''Ma''donna ''Ve''ronica and Frede''rick''. It is bi-coastal, having offices in both New York City and Los Angeles. The record company division of Maverick consists of the label, Maverick Musica (a Miami, Florida-based satellite label focusing on Latin-American music) and Maverick Music (publishing). Maverick Records was founded by ], ], Veronica "Ronnie" Dashev and ] in April ] as part of the entertainment company, ]. The name is combined from the names of the main founders ''Ma''donna ''Ve''ronica and Frede''rick''. It is bi-coastal, having offices in both New York City and Los Angeles. The record company division of Maverick consists of the label, Maverick Musica (a Miami, Florida-based satellite label focusing on Latin-American music) and Maverick Music (publishing).

DeMann was bought out of the company for a reported $20 million in 1998, after which ] increased his stake in the company and took control as Chairman and CEO. Maverick has had noted triumphs with acts such as ], ], ], ] and the band ]. The label also had success with soundtracks for '']'', '']'' and '']''. In addition, ]’s A Band Apart imprint is distributed by Maverick.


In March 2004, Maverick filed suit against ] and its former parent company, ], claiming that mismanagement of resources and poor ] 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 — which effectively exiled the two of them from the company as it was now a wholly owned subsidiary of Warner Music Group. Oseary, meanwhile, remained CEO. In August 2006 the band ], 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. In March 2004, Maverick filed suit against ] and its former parent company, ], claiming that mismanagement of resources and poor ] 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 — which effectively exiled the two of them from the company as it was now a wholly owned subsidiary of Warner Music Group. Oseary, meanwhile, remained CEO. In August 2006 the band ], 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.

Revision as of 18:27, 11 May 2012

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Record label
Maverick Records
Parent companyWarner Music Group
Founded1992
FounderFrederick DeMann
Madonna
Ronnie Dashev
Distributor(s)Warner Bros. Records
(In the US)
WEA International Inc.
(Outside of the US)
GenreVarious
Country of originUS

Maverick Recording Company is an American record label owned and operated by Warner Music Group, and distributed through Warner Bros. Records.

Company history

Maverick Records was founded by Madonna, Frederick DeMann, Veronica "Ronnie" Dashev and Time Warner in April 1992 as part of the entertainment company, Maverick. The name is combined from the names of the main founders Madonna Veronica and Frederick. It is bi-coastal, having offices in both New York City and Los Angeles. The record company division of Maverick consists of the label, Maverick Musica (a Miami, Florida-based satellite label focusing on Latin-American music) and Maverick Music (publishing).

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 — which effectively exiled the two of them from the company as it was now a wholly owned subsidiary of Warner Music Group. Oseary, meanwhile, remained CEO. In August 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.

As of 2010, founding Maverick Records' artists Madonna, Alanis Morissette and Michelle Branch are no longer affiliated the label. Madonna left in 2003 after legal action against parent company Warner Bros. Records, Morissette left in 2009 after the release of Flavors of Entanglement and Branch left in 2007 after disbanding The Wreckers.

Maverick Records brought young file-sharer Whitney Harper to court and won the case. Harper was ordered to pay $750 per song for the three dozen uploaded on the Internet.

Artists

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

Maverick Compilations & Soundtracks

  • With Honors - Music From The Motion Picture (1994)
  • Jackie Brown - Music From The Miramax Motion Picture (1997)
  • Wedding Singer - Music From The Motion Picture (1998)
  • Wedding Singer, Volume 2 - More Music From The Motion Picture (1998)
  • Lock, Stock And Two Smoking Barrels - Music From The Motion Picture (1999)
  • Matrix - Music From The Motion Picture (1999)
  • Austin Powers: The Spy Who Shagged Me - Music From The Motion Picture (1999)
  • Austin Powers: The Spy Who Shagged Me, Volume 2 - More Music From The Motion Picture (1999)
  • Dogma - Music From The Motion Picture (1999)
  • The Rugrats Movie - Music From The Motion Picture (1999/2000)
  • The Next Best Thing - Music From The Motion Picture (2000)
  • Digimon: The Movie - Music From The Motion Picture (2000)
  • Little Nicky - Music From The Motion Picture (2000)
  • Rugrats In Paris - Music From The Motion Picture (2000)
  • Not Another Teen Movie - Music From The Motion Picture (2001)
  • Tony Hawk's Pro Skater 3 - Music From And Inspired By (2001)
  • MTV: 20 Years Of Pop Music (2001)
  • Platinum Rhythm (2001)
  • Austin Powers in Goldmember - Music From The Motion Picture (2002)
  • Matrix: Reloaded - The Album (2003)
  • Matrix: Revolutions - Music From The Motion Picture (2003)
  • Kill Bill: Volume 1 - Original Soundtrack (2003)
  • 50 First Dates - Love Songs From The Original Motion Picture (2004)
  • Kill Bill: Volume 2 - Original Soundtrack (2004)

References

  1. Court rejects teen's appeal in Internet music case, by The Associated Press, November 29, 2010; 10:33

See also

Warner Music Group
People
300 Elektra Entertainment
Atlantic Records Group
Alternative Distribution Alliance
Rhino Entertainment
Spinnin' Records
Warner Records
Warner Music Nashville
Arts Music
Distribution
Music publishing and licensing
Other labels
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