Maverick Records

Maverick Records is a record label which was founded by Madonna, Guy Oseary, Ronnie Dashev and Warner Bros. Records in 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). Madonna, Oseary and Dashev controlled 60 percent, while Warner controlled the remaining 40 percent. Although Madonna had a partial ownership in the label, she was rarely involved with any of the day-to-day operations of the company. The label's CEO is Guy Oseary. In March 2004, Maverick filed suit against Warner Music, 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 June 14, 2004, the dispute was resolved when shares of Madonna and Ronnie Dashev in Maverick were purchased by Warner Bros. Records. This leaves the label now owned by Warner Bros. Records and Oseary.

Related Topics:
Record label - Madonna - Guy Oseary - Ronnie Dashev - Warner Bros. Records - 1992 - 2004 - Warner Music - Time Warner Inc. - Bookkeeping - June 14 - 2004

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Notable artists have included Madonna, Muse, Alanis Morissette, Deftones, Story of the Year, Jack's Mannequin, newcomer Ben Jelen, Me'shell Ndegeocello, Erasure, The Prodigy (in the U.S.), Canadian girl group Lillix, and Michelle Branch.

Related Topics:
Muse - Alanis Morissette - Deftones - Story of the Year - Jack's Mannequin - Ben Jelen - Me'shell Ndegeocello - Erasure - The Prodigy - Lillix - Michelle Branch

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