Madonna's Maverick Cries Foul Over Alleged Losses
The attorney for Maverick Records has dismissed as “hogwash” a claim by Warner Music Group (WMG) that Madonna’s label has lost $66 million since 1999. WMG’s claim is the latest wrinkle in a spat with Maverick’s principals – Madonna and Guy Oseary – over the value of the label and who will control it after this year. WMG has an option to buy the 60% of Maverick it does not currently own when the labels’ joint-venture agreement expires Dec. 31. Maverick attorney Bert Fields says WMG is “stabbing Madonna in the back” by filing the claim in the middle of… Read more »