A&M Records all newer artist signings were made under the A&M/Octone joint venture. Acts that were already signed to the label before the merger with Octone, however, would remain on the main A&M label. After six successful years of operation, in September 2013, Octone initiated its buy/sell rights in the joint venture, resulting in Interscope-Geffen-A&M purchasing Octone Records' 50% interest in A&M/Octone, absorbing and restructuring the artist roster into Interscope operations in 2014 as announced. A&M Records A&M Records was an American record label founded as an independent company by Herb Alpert and Jerry Moss in 1962. Due to the success of
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