![]() 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. We first alerted all of the shareholders on Thursday, June 20th for an official shareholder’s call scheduled for Tuesday, June 25th. Taylor’s dad, Scott Swift, was a shareholder in Big Machine Records, LLC. (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. In regard to a post earlier today from Taylor, it’s time to set some things straight. "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. I look forward to doing this for another twenty years.Ithaca Holdings owner Scooter Braun, left, and his management client Justin Bieber, photographed on Apr. There’s a lot more ahead me than behind me. He’s got a wild ass of a partner now, so he better be careful what he wishes for, because we’ll just do it.”įor McGraw, it seems like a new beginning. That’s the kind of creativity he’s bringing to us, and that’s the kind of creativity I encourage. It was just one of those magical moments. “They had come back from vacation, and he called and said ‘This is what I want to do.’ So, Faith and the kids pop out, and everybody is wearing t-shirts and jeans. “It wasn’t a pre-meditated event,” he told Billboard. ![]() The day at the Greyhound station will forever be one that stands out in Borchetta’s memory. He’s going to have a very defined say in how his music is presented, which he didn’t have at the end of his last deal.” It’s about his vision and his partnership. With our artists, it’s about them – not about us. We can’t wait to get started.”īorchetta promises that McGraw’s success - and happiness - will be a priority at Big Machine. It’s going to be an extraordinary partnership. He’s so excited and energized about what’s going on. It’s going to take a nation of millions to hold us back. He’s twenty songs in to some of the most amazing music I’ve ever heard. They will benefit from this because they are going to get a lot of different music in a lot of different ways.”įor his part, Borchetta can’t wait to start promoting the new music. “I think the thing about talking with Scott and putting this deal together was having the freedom and the ability to all sorts of thing - not only as an artist, but also for the fans. He admitted that it did cross his mind, but the chance to work with one of Nashville’s most dynamic executives was too much to pass up. The move might have come as a surprise to some, as many thought Tim would open his own label after his deal with Curb came to an end. PHOTOS: Billboard Music Awards 2012 Red Carpet Arrivals The track appears on his final Curb disc, “Emotional Traffic,” released in January. 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.” ![]() “So, on May 9 of this year, I met with Scott at the Greyhound Bus Station in Nashville. ![]()
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