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 Alpert Awards in the Arts with The California Institute of the Arts (CalArts). The Foundation supports youth and arts education as well as environmental issues and helps fund the PBS series "Bill Moyers on Faith and Reason" and later "Moyers & Company". Alpert and his wife donated $30 million to University of California, Los Angeles in 2007, to form and endow the UCLA Herb Alpert School of Music as part of the restructured UCLA School of the Arts and Architecture. He gave $24 million, which included $15 million from April 2008, to CalArts for its music curricula, and provided funding