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purchased Warner Music Group last year "The new independent spirit at Warner Music is a perfect fit for a stand-alone label like Maverick," he said " "This new joint venture agreement is clearly a win-win for both WMG and Maverick, and we are pleased that Guy Oseary, one of the most successful A&R executives in the industry, is continuing his relationship with both companies," said Lyor Cohen, Warner Music's chairman ) Warner Music filed a lawsuit of its own against Maverick, claiming the company had lost tens of millions of dollars Madonna's Maverick Records debuted with a flourish and included the multiplatinum debut of =/artist/?artist=100015 class="art">Alanis Morissette's "Jagged Little Pill" in 1995 "It's clean and equitable, and it doesn't have anything to do with her record contract (An investment group led by Edgar Bronfman Jr , claiming breach of contract and alleging that they had misstated Maverick's profits and mismanaged the company, costing Madonna and her partners millions of dollars "It was an effective way of settling the lawsuit," lawyer Bert Fields, who represented Maverick, told The Associated Press on Monday In March, Maverick filed suit against Warner Music and its former parent, Time Warner Inc Madonna and partners Guy Oseary and Ronnie Dashev together have owned 60 percent of the company; Warner Music owned 40 percent More recently, the company has scored hits with =/artist/?artist=232254 class="art">Michelle Branch record label, which is a part of Warner Music and has been her home since 1984 She's sold more than 60 million records with the label Madonna will have no role in the company, while Oseary will keep his share and stay with Maverick as CEO Oseary expressed optimism about his new arrangement with Warner Music Madonna, Warner Music Settle Bitter Feud Jun 15, 7:14 AM EST <EM>The Associated Press</EM> NEW YORK -- Warner Music Group has agreed to buy =/artist/?artist=100390 class="art">Madonna out of Maverick Records, the label she co-founded 12 years ago, to end the legal battle that pitted the music conglomerate against their biggest star A representative for Madonna, who's on a sold-out concert tour, did not immediately return calls seeking comment Neither side would discuss the financial terms In an agreement announced Monday, Warner Music said it would buy Madonna and Dashev, Maverick's chief operating officer, out of their share of the label The deal does not affect Madonna's own recording contract with the Warner Bros "He's a convicted felon and a fugitive, and that's not going to go away," District Attorney spokeswoman Sandi Gibbons said Although he once vowed to resolve the case, Polanski has said in recent years he's unwilling to jeopardize his life with his children and wife, French actress Emmanuelle Seigner In addition to the Oscar bid, Polanski has a Directors Guild nomination for "The Pianist," based on the true story of a classical musician hiding from Nazis in the ruins of Poland during World War II "I can't think for myself alone anymore Previously, she said, Polanski's lawyers have pushed for a sentence involving no long-term incarceration " While the nomination suggests Hollywood is welcoming the 69-year-old filmmaker, the Los Angeles County District Attorney's Office said Polanski will be arrested if he enters the United States Indeterminate sentencing laws at the time mean he could face between one year and 50 years, she said "He may want that, but I don't know how he would get it," Gibbons said His mother died at the Auschwitz concentration camp The other charges were dropped when Polanski pleaded guilty to one count of unlawful sexual intercourse with a minor, but the director fled the country in 1978 before being sentenced Nearly 25 years after fleeing Los Angeles for Paris to escape sentencing for having unlawful sex with a 13-year-old girl, Polanski received an Academy Award nomination Tuesday for directing the Holocaust survival story "The Pianist " Polanski, the director of "Rosemary's Baby" and "Chinatown," was charged with rape and five other felonies in 1977 after having intercourse with the girl at Jack Nicholson's home while the actor was away Polanski was away on business at the time Polanski has three previous Oscar nominations: for adapted screenplay for 1968's "Rosemary's Baby," for directing 1974's "Chinatown," and for directing 1979's "Tess," an adaptation of the Thomas Hardy novel "Tess of the d'Urbervilles," about a young peasant woman whose life collapses after she is seduced by a wealthy older man Fugitive Filmmaker Nominated for Oscar Feb 11, 9:28 AM EST Fugitive filmmaker Roman Polanski is up for an Oscar, but don't expect to see him on the red carpet Gibbons said it's up to Polanski and his representatives to work out an arrangement with the court, although she said there have been no recent negotiations Polanski's representatives did not return calls for comment The story echoes elements of Polanski's real life: He escaped from Krakow's Jewish ghetto as a child and lived off the charity of strangers until reuniting with his father years later "You don't get a pass for longevity Now I have to consider my family," he said in 1994 Polanski's life was marked by further horror in 1969, when his pregnant wife, actress Sharon Tate, and four guests were savagely murdered in his home by followers of Charles Manson In the mid-1980s, he reportedly reached an out-of-court settlement with his victim, who has said she does not object to his return, in part because she hopes it would lessen public interest in her and the case |
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