Republic Records revival
According to Avery Lipman, he and his brother Monte conceived the idea for Republic Records at their apartment in New York. Lipman stated that both had previously been employed by record companies and were in between jobs at the time. They began putting records out as a hobby, the first of which was the Bloodhound Gang's Dingleberry Haze. 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. Universal Motown Records was shut down, transferring its artists to the newly recreated Motown Records or Universal Republic Records. Universal Republic Records became a stand-alone label and the Universal Motown Republic Group was shut down. In August 2011, the restructured Universal Republic signed Ariana Grande to a record contract. In January 2000, it was announced that the Universal Music Group acquired the Lipman brothers' Republic Records as a wholly owned subsidiary. Monte Lipman was named president of the Universal Records label, while Avery Lipman became Republic's president.
