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
David Anderle David Anderle David Anderle (July 9, 1937 – September 1, 2014) was an American portrait artist, talent manager, and record producer best known for his business associations with Brian Wilson and the Beach Boys during the group's "Smile" era. Anderle graduated in June 1955 from Fairfax High School in Los Angeles, where his schoolmates included Herb Alpert, Jerry Moss, and producer Shel Talmy. In 1964 he began working in A&R at MGM Records, which also owned the Verve label, and convinced the label to sign Frank Zappa and the Mothers of Invention in 1965. He also worked as the manager