More from the world of Maverick Records post that deal with Warner Music earlier this week. As previously reported legal problems between Warner, who were minority shareholders in Maverick, and the imprint's other owners, including Madonna, came to an end with a deal which sees Warner buy out some of those other owners. As a result of the deal Maverick's operations will become more integrated with the rest of Warner Music.
Maverick's General Manager Daniel Savage has said he will stay with the company during the transition period, but says there will be no GM post at the label once Warners have increased their stake. How many of Maverick's other 50 staff will be without jobs once the imprint moves into Warner's West Coast office remains to be seen.