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
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