Record label done this. Historically, companies started in this manner have been re-absorbed into the major labels (two examples are American singer Frank Sinatra's Reprise Records, which has been owned by Warner Music Group for some time now, and musician Herb Alpert's A&M Records, now owned by Universal Music Group). Similarly, Madonna's Maverick Records (started by Madonna with her manager and another partner) was to come under control of Warner Music when Madonna divested herself of controlling shares in the company. Some independent labels become successful enough that major record companies negotiate contracts to either distribute music for the label or in
UCLA Herb Alpert School of Music of Theater, Film, Television, a redefined School of the Arts and Architecture, and the new School of Music. In 2017, UCLA announced the Herb Alpert School of Music would establish the Lowell Milken Fund for American Jewish Music to support research and performance of American Jewish music. The name Herb Alpert School of Music was approved by the Board of Regents after the acceptance of a generous gift of $30 million from the Herb Alpert Foundation in 2007. The entire school is housed in either the Schoenberg Music Building, established in 1955 and 1965, and the Evelyn and Mo Ostin