Today in Madonna History: April 20, 1992

maverick

On April 20 1992, Madonna signed a $60 million, seven-year contract with Time Warner Inc. as a joint venture to form a new multi-media entertainment company: Maverick.

Madonna was made CEO of Maverick (her own record and music publishing company), which included TV, film, merchandising and book publishing divisions.

The contract re-negotiated and extended Madonna’s contract with Sire Records: a $5 million advance per album & a 20% royalty rate for her next seven albums. The future recordings would all be released by Maverick/Sire Records.

One response

  1. Yes she is! Madonna is a true maverick because Erotica, Bedtime Stories, Ray of Light and Music are four of the best Rock records of their era! Standout singles-Rain, Take a Bow, Ray of Light and Don’t Tell Me are brilliant songs and all four Madonna Records belong in every Rock Fan’s record collection! Madonna Forever in Her American Brilliance!

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