An era officially ended Friday, as Herb Alpert and Jerry Moss — the “A” and “M” of A&M Records — officially confirmed their resignation from the company they founded.
The announcement had been expected since a mid-April dinner honoring Moss (Daily Variety, April 16). During the dinner, which was hosted by the Cities in Schools program, Alpert made a speech that alluded to winding up his business at the label, the first public sign of the duo’s dissatisfaction.
The departure of Moss and Alpert was described as “the result of an amicable agreement” with Alain Levy, president and CEO of Polygram, which purchased A&M in January 1990 for an estimated $ 500 million.
It was also announced that Moss will no longer serve as a member of Polygram NV’s board of management.
An A&M spokesman said the duo would not comment on their departure beyond the press release.
Sources indicated after the April dinner that Moss and Alpert were chafing at their lack of clout within the company. The A&M announcement said they left to “pursue other interests,” including their Rondor Music Intl. publishing company, which was the only piece of A&M not sold to Polygram.
A&M Records was born in 1962 in Alpert’s garage with the release of the worldwide hit “The Lonely Bull,” recorded by Alpert & the Tijuana Brass. The success of that and other Alpert albums led to additional signings, including the Baja Marimba Band, Sergio Mendes and Brasil ’66, Burt Bacharach, Supertramp, Styx, the Police and Peter Frampton, among others.
Alpert, Moss and their personal staffs will relocate to the Rondor Music offices on La Cienega.
“Herb and Jerry have made a tremendous contribution to the music industry and their years at A&M have created a very special company, all of which we’re extremely grateful for,” Levy said. “During Al Cafaro’s presidency over the past two years, A&M has maintained its creativity and achieved outstanding success. I’m sure this will continue in years to come. I wish Herb and Jerry the best of luck in their new endeavors.”