Big Machine Label Group, home to Taylor Swift, Florida Georgia Line, Rascal Flatts, Danielle Bradbery, Tim McGraw, and more (as well as #CMchattys #MustFollowLabel) may be released by the man who put many names on the map, Nashville’s renowned Scott Borchetta. However, it won’t come without a major cost to the recipient of the label that now houses Ms. Reba McEntire (under Nash Icon Music).
The New York Post reported this weekend that Borchetta is currently shopping the label, founded in 2005, for more than $200 million. In March, Big Machine partnered with Republic Records (which is under the Universal Music Group umbrella) to revive Dot Records, a multi-genre label. The Post, citing anonymous sources, listed Universal Music Group (UMG) as a likely buyer. Billboard, also citing anonymous sources, listed Sony Music Entertainment and Warner Music Group, Disney, and BMG, as possible bidders.
Perhaps this is why Taylor Swift’s catalog was suddenly pulled from Spotify, as Swift reportedly has one more record on her contract with Borchetta’s Big Machine. Renegotiating with Swift for another term could prove to be a game changer for a sale price of the label, but may come with a hefty signing bonus (tens of millions) to seal the deal.
The fate of Big Machine is yet to be determined, but the Country Music #CMchat eyes are certainly glued to this news! In the meantime, enjoy some Big Machine music below.
Follow me on Twitter @JenSwirsky
Be sure to sign up for our Mailing List:
For a complete #CMchat schedule, check out our calendar here: cmchatlive.com/calendar
Interested in being a #CMchat sponsor? Find out how you can sponsor a #CMchat feature or advertise with #CMchat here!