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
Herb Alpert 1997 "Billboard" Latin Music Awards. Alpert has worked as a Broadway theatre producer, with his production of Tony Kushner's "Angels in America" winning a Tony Award. Alpert was awarded Society of Singers Lifetime Achievement Award by Society of Singers in 2009. Alpert was awarded one of the 2012 National Medal of Arts awards by President and Mrs. Obama on Wednesday, July 10, 2013, in the White House's East Room. Alpert won a Grammy Award on January 26, 2014 for Best Pop Instrumental Album for his work on "Steppin' Out". In the 1980s Alpert created The Herb Alpert Foundation and the