is cited as being the fastest-selling LP ever released in the US up to that time. Sherman also scored a hit single in late 1963 with a cut from his third WBR album, My Son, The Nut, when his song "Hello Muddah, Hello Faddah" (which satirized the American summer camp tradition) became a surprise novelty hit, peaking at #2. Bill Cosby broke through soon after and he continued the label's dream run with comedy LPs into the late 1960s, releasing a string of highly successful albums on Warner Bros. over the next six years, alongside his groundbreaking career as a TV actor. The label's fortunes had finally turned around by 1962 thanks to the Everly Brothers, Newhart, folk stars Peter, Paul & Mary, jazz and pop crossover hit Joanie Sommers and comedian Allan Sherman, and Warner Bros. Records ended the financial year 1961–62 in the black for the first time since its founding. Warner/Reprise 1963–1967 In August 1963, Warner Bros. made a "rescue takeover" of Frank Sinatra's ailing Reprise Records as part of a deal to acquire Sinatra's services as a recording artist and as an actor for Warner Bros. Pictures. The total deal was valued at around US$10 million, and it gave Sinatra a one-third share in the combined record company and a seat on the Warner/Reprise board; Warner Bros. Records head Mike Maitland became the president of the new combine and Mo Ostin was retained as manager of the Reprise label. Reprise was heavily in debt at the time of the takeover, and the Warner Records management team was reportedly dismayed at their balance sheet being pushed back into the red by the acquisition, but they were given no choice in the matter. Ben Kalmenson, a Warner Bros. company director and close aide to Jack Warner, summoned the label's directors to a meeting in New York and explicitly told them that both he and Warner wanted the deal and that they expected them to vote in favor of it. Despite these misgivings, the purchase ultimately proved very beneficial to the Warner group. Reprise flourished in the late 1960s thanks to Sinatra's famous comeback and the hits by Sinatra and his daughter Nancy, and the label also secured the US distribution rights to the recordings of the Kinks and Jimi Hendrix. Most importantly for the future of the company, the merger brought Reprise manager Mo Ostin into the Warner