![]() ![]() Sales, and has placed 43 singles into the top ten on the Billboard singles chart, including “Better Than I Used To Be,” which is No. Starting with 1994’s “Indian Outlaw,” McGraw has scanned over 40 million in U.S. It was Scott’s father, Mike, who inked Tim to a deal with Curb over two decades ago. The signing with Big Machine reunites McGraw with the Borchetta family. He’s the kind of guy I want to be in business with.” “Scott is one of the best music guys in this business. Of his new label head, McGraw had deep words of praise. We can’t wait for you to hear the new music,” he said, quipping that, “You can still get a record deal and be over thirty years old in Nashville.” “It feels like we are riding a wave right now. The singer has already cut about twenty sides for his debut for the label, and he says the excitement is very much there. PHOTOS: Billboard Music Awards 2012 Winner and Nominees Once again, I felt that excitement of not knowing what was in the future.” Relatedly, controversy erupted when the New York Times recently revealed that potentially hundreds of thousands of master recordings and other archival materials owned by Universal Music were destroyed in a 2008 fire the company has been sued for at least $100 million by a group of artists over failing to protect that property.)īig Machine president Scott Borchetta responded to Swift with his own riposte, claiming he made Swift aware of the deal via text on Saturday, and that the terms of the deal Big Machine offered her were different from what she described on Sunday.“So, on May 9 of this year, I met with Scott at the Greyhound Bus Station in Nashville. (It's uncommon for artists not of Swift's stature to own their masters instead, the label's ownership of those materials is generally the centerpiece of any major-label contract. "Thankfully, I am now signed to a label that believes I should own anything I create," Swift wrote on Sunday. (At the time, Universal Music was also said to be considering a purchase of Big Machine.) A major part of that deal, and something long desired by Swift, was ownership of her master recordings. Last fall, Swift departed Big Machine for the world's largest record company, Universal Music Group, and its subsidiary label Republic Records. Getty Images Ithaca Holdings owner Scooter Braun, left, and his management client Justin Bieber, photographed on Apr. I had to make the excruciating choice to leave behind my past." ![]() I walked away because I knew once I signed that contract, Scott Borchetta would sell the label, thereby selling me and my future. Instead I was given an opportunity to sign back up to Big Machine Records and 'earn' one album back at a time, one for every new one I turned in. ![]() "For years," she wrote, "I asked, pleaded for a chance to own my work. In the post, Swift says that overtures she made to purchase control of her master recordings from Big Machine were met with a proposal by the company that she found unacceptable. In a blog post on Sunday, Swift claimed to have been unaware of the deal before its announcement, and called the sale of Big Machine to Ithaca "my worst-case scenario," alluding to Braun's past involvement in feuds between her and artists he manages, including Kanye West. As Swift was Big Label's most successful artist by a wide margin, her catalog would have been a prized asset within the company's portfolio.Īfter announcing the sale - which had been rumored for years and had attracted interest from various companies, including from Snapchat co-founder and CEO Evan Spiegel - the shift in ownership prompted a heated back-and-forth between Swift, Borchetta and some in orbit around Scooter Braun, including Braun's wife and Justin Bieber. According to anonymous sources quoted by The Wall Street Journal, the deal is valued at more than $300 million.īig Machine Label Group was founded by Nashville music industry veteran Scott Borchetta and signed Swift as a teenager in 2006, shortly after the label's founding it has released all of her albums to date. It was purchased by Ithaca Holdings, an umbrella company owned by Scooter Braun, the manager of Justin Bieber and Ariana Grande, among others. The country-pop record company Big Machine Label Group, one of the most successful independent labels in the country - and the longtime label home of megastar Taylor Swift - has been sold. ![]()
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