A&M Records form A&M Octone Records, which operated until 2013, when A&M Octone was folded into Interscope. Today, A&M's catalog releases are managed by Verve Records, Universal Music Enterprises and Interscope. A&M Records was formed in 1962 by Herb Alpert and Jerry Moss. Their first choice for a name was Carnival Records, under which they released two singles before discovering that another label had already taken the Carnival name. The company was subsequently renamed A&M, after Alpert's and Moss's initials. From 1966 to 1999, the company's headquarters were on the grounds of the historic Charlie Chaplin Studios at 1416 North La Brea
Jack Daugherty (musician) Roger Nichols, Richard felt that he was producing the records and Daugherty put his name on them. In 1972, Daugherty had his own secretary at A&M and was paid a $25,000 salary (US$ in dollars) in addition to royalties from The Carpenters' records, but after he was fired from A&M, Daugherty sued Herb Alpert and Jerry Moss for wrongful termination and he claimed that his termination undermined his credibility in the music industry. He lost the 9-year lawsuit after the courts ruled in favour of both A&M and The Carpenters, but the defense cost the record label $350,000 (US$ in