History
When producer David Foster signed a deal with Warner in 1995 it enabled him to set up his own label in 143 Records. Foster gave the responsibility for running the new Warner joint venture to his then manager Brian Avnet. One of the label's first signing was little known Irish folk-rock band The Corrs.
By 1997 Foster and Avnet came to the realisation that, in the American market at least, "logo labels" like 143 were in a "bad spot". As a result Foster sold the label back to Warner and then became senior vice-president at the corporation.
Read more about this topic: 143 Records
Famous quotes containing the word history:
“Only the history of free peoples is worth our attention; the history of men under a despotism is merely a collection of anecdotes.”
—Sébastien-Roch Nicolas De Chamfort (1741–1794)
“If usually the “present age” is no very long time, still, at our pleasure, or in the service of some such unity of meaning as the history of civilization, or the study of geology, may suggest, we may conceive the present as extending over many centuries, or over a hundred thousand years.”
—Josiah Royce (1855–1916)
“The principle office of history I take to be this: to prevent virtuous actions from being forgotten, and that evil words and deeds should fear an infamous reputation with posterity.”
—Tacitus (c. 55–117)