Topic summary
Maverick Records
Extracted from the Wikipedia article Maverick (company).
Beginnings
Maverick Records launched in April 1992 as a unit of the Maverick entertainment company. It was a joint venture among Madonna, Frederick DeMann, Veronica "Ronnie" Dashev and Time Warner, and its name was combined from the names of three of the founders; Madonna, Veronica and Frederick. The company had divisions for recording, music publishing, television, film, merchandising and book publishing. The venture was part of a $60 million recording and business deal between Madonna and Time Warner. It gave her 20% royalties from the music proceedings, one of the highest rates in the industry, equalled at that time only by Michael Jackson's royalty rate established a year earlier with Sony.