Maverick (Warner Music Group subsidiary, founded by Madonna)
Maverick was originally founded in 1992 an entertainment company by Madonna, Frederick DeMann and Veronica "Ronnie" Dashev in 1992. It was owned and operated by Warner Music Group. It includes a recording company (Maverick Records), a film production company (Maverick Films), book publishing, music publishing, Latin record division (Maverick Musica) and television production company. The first releases for the company was Madonna's 1992 coffee table publication, Sex and her studio album Erotica which were released simultaneously to great controversy. DeMann was bought out of the company for a reported $20 million in 1998, after which Oseary increased his stake in the company and took control as Chairman and CEO. Madonna and Dashev left in 2004 after a lawsuit between Maverick and Warner Music Group. Madonna's recording contract remained with Warner Bros. Records under a separate agreement until 2009.
As of 2014, the company has evolved into a management group founded by Guy Oseary in partnership with Live Nation Entertainment. It consists of Oseary and other recording artist managers Ron Laffitte, Caron Veazey, Gee Roberson, Cortez Bryant, Larry Rudolph, Adam Leber, Scott Rodger and Clarence Spalding. All nine managers and their companies have joined and rebranded as "Maverick" on October 17, 2014.