In November 2014, Borchetta denied a claim that he was looking to sell Big Machine for $200 million following the release of Swift's then-upcoming fifth studio album 1989: "Every time we have a Taylor record, they're like, 'Oh, he's selling the company.'" Borchetta did not, however, rule out a future change of ownership, stating that "the business is changing so quickly, and if I see a strategic opportunity that's going to be better for our artists and executives, it's going to be a serious conversation." Following the release of 1989, Swift's contract with Big Machine obliged her to produce one more full-length album for the label. Three years after the deal was signed, Borchetta said that the revenue streams were "very meaningful." In February 2010, Swift won four Grammys-including Album of the Year ( Fearless), Best Country Album ( Fearless), Best Country Song ( "White Horse"), and Best Female Country Vocal Performance ("White Horse")-becoming the first Big Machine artist to win a Grammy Award.īorchetta signed a deal with Clear Channel-which later changed its name to iHeartMedia-in 2012 that ensures payment for Big Machine artists from terrestrial and digital radio airplay. The departure occurred during a downturn period for the overall U.S. In October 2012, Borchetta told Rolling Stone magazine: " Scott Swift owns three percent of Big Machine." īy March 2009, Big Machine artist Danielle Peck had left the label. Keith dropped his affiliation with the label in 2006, but he was reported as an equity holder in November 2014, alongside the Swift family and Borchetta (the latter reportedly owning 60 percent of the company at the time). Soon after, Big Machine released Swift's first ever recording, the single " Tim McGraw" and her debut album Taylor Swift. In mid-2006, " Wherever You Are" off this album reached number one on Billboard Hot Country Songs, thus becoming the label's first single to top that chart. The album features two new studio tracks, "Wherever You Are" and "Love You", both of which were released as singles. Big Machine's first album release was Ingram's Live: Wherever You Are, a re-release of a live album he had previously issued independently in 2004. The first signees to Big Machine were Jack Ingram and Danielle Peck.
He formed the label in 2005, naming it "Big Machine" after a 2004 song by the band Velvet Revolver. Swift eventually recontacted Borchetta around two weeks later, telling him: "I'm waiting for you." He made an offer to Swift and her parents, whereby he would recruit her to the new label's roster after it was established. At the time, Borchetta had no infrastructure or financing.
Before he left DreamWorks, Borchetta approached Taylor Swift and her family after the musician performed at the Bluebird Café in Nashville, Tennessee after first meeting her in 2004. According to Bloomberg Businessweek, Borchetta was an "involved manager" at MCA, "choosing singles and dispensing advice." After he was fired from MCA in 1997, Borchetta accepted a role at the Nashville division of DreamWorks Records, but later decided to start his own label after Universal acquired the division. In August 2023, it was reported that some artists terminated their respective management contracts with Ithaca, in result.īig Machine Records was founded by Scott Borchetta, a former punk rock bass guitar player who had worked in the mailroom of his father Mike's music company and became a promotions staff member in 1991 for Universal Music Group's MCA Records. The purchase of Big Machine Records by Ithaca in 2019 resulted in a highly publicized dispute and controversy with American singer-songwriter Taylor Swift regarding the ownership of the masters of her Big Machine albums. The company concentrates on publishing, management, and merchandising and oversees imprints, such as Valory Music, that are part of the Big Machine Label Group. The label was founded in September 2005 by former DreamWorks Records executive Scott Borchetta and became a joint venture between Borchetta and country singer Toby Keith. Specializing in country and pop artists, Big Machine is based on Music Row in Nashville, Tennessee. Big Machine Records is an American record label, distributed by Universal Music Group.
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