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
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