|Parent company||Warner Music Group|
|Status||Defunct 2009 (folded into Warner Bros. Records)|
|Distributor(s)||Warner Bros. Records
|Country of origin||US|
Maverick Recording Company was an American record label owned by Warner Music Group, operated and distributed through Warner Bros. Records. The label was founded in 1992 by Madonna, Frederick DeMann and Veronica "Ronnie" Dashev. Active from the early 1990s through the middle 2000s, the label scored its more notable success with such acts as Alanis Morissette, Michelle Branch, The Prodigy, Deftones and Candlebox. Since 2008, however, the label has been in hibernation, with its retained acts now recording for Warner Bros. directly.
Maverick Records was launched in April 1992 as unit of the Maverick entertainment company; a joint venture between Madonna, Frederick DeMann, Veronica "Ronnie" Dashev and Time Warner. The name is combined from the names of the main founders Madonna Veronica and Frederick. At the time of its launch, the company was bi-coastal; having offices in both New York City and Los Angeles. 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.
The first album to feature the Maverick Records name and logo was Madonna's fifth studio album, Erotica, released in 1992.
Maverick's first commercial success was with the self-titled debut album by Seattle-based grunge rock band Candlebox; released in 1993, the album would go on to be RIAA certified quadruple platinum in the United States. 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 16x platinum in the U.S. (with international sales of thirty-three million)–making it the best selling album in the label's history, and of the 1990s.
Throughout the 1990s to the middle 2000s, Maverick would also release albums by Michelle Branch, Meshell Ndegeocello, U.N.V., Dana Dane, N-Phase, The Prodigy, Cleopatra, Tyler Hilton, Deftones, No Authority and William Orbit.
Litigation and decline
By the early 2000s, Maverick saw its commercial fortunes decline and business operations financially unravel. In March 2004, the label filed suit against Warner Music Group (and its former parent company, Time Warner); claiming that mismanagement of resources and poor bookkeeping had cost the company millions of dollars. Warner 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 then became a wholly owned subsidiary of Warner Music Group. Then Maverick CEO Guy Oseary, meanwhile, would retain his position until WMG purchased his label shares in 2006. The same year, the band Lillix, which at the time was signed to the label, claimed that the Maverick no longer existed and that all the artists were now handled by Warner Bros. directly. In the years to follow, Maverick would release few albums, until it ultimately went into hibernation.
As of 2012, Maverick Records' two most successful artists Alanis Morissette and Michelle Branch are no longer affiliated with the label. Morissette left in 2009 after the release of Flavors of Entanglement, while 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.
Maverick Records artists
The following is a partial list of artists who have recorded for Maverick Records.
Maverick Compilations & Soundtracks
- With Honors - Music From The Motion Picture
- Jackie Brown - Music From The Miramax Motion Picture
- The Wedding Singer - Music From The Motion Picture
- The Wedding Singer, Volume 2 - More Music From The Motion Picture
- Lock, Stock And Two Smoking Barrels - Music From The Motion Picture
- The Matrix - Music From The Motion Picture
- Austin Powers: The Spy Who Shagged Me - Music From The Motion Picture
- Austin Powers: The Spy Who Shagged Me, Volume 2 - More Music From The Motion Picture
- Dogma - Music From The Motion Picture
- The Rugrats Movie - Music From The Motion Picture
- The Next Best Thing - Music From The Motion Picture
- Digimon: The Movie - Music From The Motion Picture
- Little Nicky - Music From The Motion Picture
- Rugrats In Paris - Music From The Motion Picture
- Not Another Teen Movie - Music From The Motion Picture
- Tony Hawk's Pro Skater 3 - Music From And Inspired By
- MTV: 20 Years Of Pop Music
- Platinum Rhythm
- Austin Powers in Goldmember - Music From The Motion Picture
- Matrix: Reloaded - The Album
- Matrix: Revolutions - Music From The Motion Picture
- Kill Bill: Volume 1 - Original Soundtrack
- 50 First Dates - Love Songs From The Original Motion Picture
- Kill Bill: Volume 2 - Original Soundtrack
- Holden, Stephen (1992-04-20). "Madonna Makes a $60 Million Deal". The New York Times. Retrieved 2008-05-27.
- "Madonna's label sues record giant". BBC. 2004-03-26. Retrieved 2008-06-07.
- Shawhan, Jason (2007-08-26). "Madonna sells record company". NME (IPC Media). Retrieved 2008-06-09.
- Court rejects teen's appeal in Internet music case, by The Associated Press, November 29, 2010; 10:33