![]() The following year, the label signed Canadian musician Alanis Morissette, whose third album (and Maverick debut) Jagged Little Pill was released in 1995, and would be eventually certified 16× platinum in the U.S. Released in 1993, the album would be RIAA-certified quadruple platinum in the United States. Maverick's first commercial success was with the self-titled debut album by Seattle-based grunge band Candlebox. Commercial success Platinum record for Madonna's 2001 greatest hits album, GHV2, released by Maverick Records. The first releases for the company were Madonna's 1992 coffee table publication, Sex, and her studio album Erotica, which were released simultaneously to great controversy. ![]() The record company division of Maverick also consisted of sub-label Maverick Musica (a Miami, Florida-based satellite label focusing on Latin-American music) and Maverick Music Publishing. Īt the time of its launch, the company was bi-coastal, with offices in New York City and Los Angeles. It gave her 20% royalties from the music proceedings, one of the highest rates in the industry, equalled at that time only by Michael Jackson's royalty rate established a year earlier with Sony. The venture was part of a $60 million recording and business deal between Madonna and Time Warner. The company had divisions for recording, music publishing, television, film, merchandising and book publishing. It was a joint venture among Madonna, Frederick DeMann, Veronica "Ronnie" Dashev and Time Warner, and its name was combined from the names of three of the founders Madonna, Veronica and Frede rick. Maverick Records launched in April 1992 as a unit of the Maverick entertainment company. In 2014, the brand was revived as a management group, founded by Oseary, in-partnership with Live Nation Entertainment. ![]() Since 2009, the label has been defunct some of its acts were transferred over to Warner Bros. Madonna and Dashev left in 2004 after a lawsuit between Maverick and Warner Music Group, in which Maverick had accused parent label Warner of not providing sufficient operating funds to compete against other, bigger labels for music acts. Guy Oseary increased his stake in the company and took control as chairman and CEO, thus Madonna was no longer the head of Maverick. ĭeMann was bought out of the company for a reported $20 million in 1998. Randy Taraborrelli considered the existence of Maverick Records to be an "anomaly", as Madonna became one of the first female artists to head a real record label, and one of the few women to run her own entertainment company. At its heart, the book was intended to be read as an erotic and irreverent “poetry journal” with artistic, vintage-style black-and-white photos, and a telling of fictional romantic escapades. Nevertheless, Madonna has said that she “hit rock bottom” from the daily slander in the press. ![]() The first releases for the company were Madonna's 1992 coffee table publication SEX, and its accompanying studio album, Erotica (both released simultaneously) the book, notably, drew harsh criticism towards Madonna herself, despite containing no overtly explicit images of sexual penetration (or other sexual activities, for that matter), and only featuring one male model’s (flaccid) penis exposed. It included a record label ( Maverick Records), a film production company ( Maverick Films), book publishing, music publishing, an adjacent Latin/ Spanish language record label (Maverick Música), and a television production company. Maverick was an American entertainment company founded in 1992 by Warner Music Group and run by recording artist Madonna, as well as Frederick DeMann and Veronica "Ronnie" Dashev. For other companies, see Maverick § Organizations. For the management group founded by Guy Oseary, see Maverick (management).
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