30
Mar
Various internet and television news sources report that Maverick Records has filed a suit against its long time partner, Warner Music to end their 12 year relationship.
Maverick Records is lead by Madonna and run by young, successful executives like Guy Oseary who have been able to beat recent industry negative sales trends by signing highly successful acts like Alanis Morissette, Prodigy, Deftones and others in the 1990s.
Warner Music Group was recently purchased by an investment team lead by Edgar Bronfman Jr. and losing Madonna and her team would certainly be a blow to the major label. Warner spokespeople were quoted saying the suit was “without merit”. [more @ www.audiorevolution.com]
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