In 1993, not only did Matador release Liz Phair's critically and commercially successful debut album, Exile in Guyville, but the label also began a partnership with Atlantic Records which lasted for several years. In 1996, Capitol Records purchased a 49 percent stake in Matador, which Lombardi and Cosloy bought back in 1999. Beggars Group purchased 50% of Matador in 2002 and took over the label's worldwide marketing.[1]