Monte Lipman became the president and CEO of the restructured label while Avery Lipman served as co-president and COO. In 2006, corporate restructuring saw the formation of Universal Republic Records through a merger between the two labels. Monte Lipman was named president of the Universal Records label, while Avery Lipman became Republic's president. In January 2000, it was announced that the Universal Music Group acquired the Lipman brothers' Republic Records as a wholly owned subsidiary. Republic Records was formed in 1995 as a subsidiary of MCA's Geffen Records, but soon after its foundation, the distribution changed to the newly established Universal Records. They began putting records out as a hobby, the first of which was the Bloodhound Gang's Dingleberry Haze. Lipman stated that both had previously been employed by record companies and were in between jobs at the time. History Foundation and Universal Records: 1994–2005 Īccording to Avery Lipman, he and his brother Monte conceived the idea for Republic Records at their apartment in New York. Republic was initially an imprint of the Universal/Motown Records Group, and was renamed Universal Republic Records after a reorganization in 2006 before going back to its original name in 2012.
Based in New York City, it was founded by Avery Lipman and Monte Lipman as an independent label in 1995, and was acquired by UMG in 2000.
Republic Records is an American record label owned by Universal Music Group (UMG).
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