June 30, 2019
Borchetta will join the board of Ithaca Holdings as a minority stakeholder.
Scooter Braun’s Ithaca Holdings has agreed to acquire Scott Borchetta’s Big Machine Label Group in a blockbuster deal backed by the Carlyle Group.
Scooter Braun Acquires Scott Borchettas Big Machine Label Group, Taylor Swift Catalog For Over $300 Million
Terms of the agreement were not disclosed, but a source told Billboard the deal topped $300 million and also includes the music publishing operation, Big Machine Music.
When completed, the deal will create yet another independent music company powerhouse with multiple capabilities and income streams through the Big Machine record label operations and School Boy Records, the recently acquired Atlas Music Publishing and the to be acquired Big Machine Music, and SB Projects, the artist management and services company.
The deal also brings together two powerful music industry executives, who are each as much forces of nature as they are successful entrepreneurs.
“The idea of Scott and I working together is nothing new, we’ve been talking about it since the beginning of our friendship,” Braun said in a statement. “I reached out to him when I saw an opportunity and, after many conversations, realized our visions were aligned. He’s built a brilliant company full of iconic songs and artists. Who wouldn’t want to be a part of that? By joining together, we will create more opportunities for artists than ever before, by giving them the support and tools to go after whatever dreams they wish to pursue.”
Borchetta added in a statement, “Scooter and I have been aligned with ‘big vision brings big results’ from the very first time we met in 2010. Since then I have watched him build an incredible and diverse company that is a perfect complement to the Big Machine Label Group. Our artist-first spirit and combined roster of talent, executives and assets is now a global force to be reckoned with. This is a very special day and the beginning of what is sure to be a fantastic partnership and historic run.”
According to the announcement, the deal is being financed by the Carlyle Group’s Carlyle Partners VI Fund, alongside Scooter Braun and Ithaca Holdings. Furthermore, the company announced that Carlyle will remain a minority shareholder in Ithaca and continue to support the combined company’s growth strategy with Carlyle Group global consumer, media and retail team head Jay Sammons remaining on Ithaca’s board.
As part of the deal, Borchetta will acquire a minority interest in Ithaca and join its board while remaining president and CEO of BMLG.
Big Machine Label Group has been on the block since late last summer with sources suggesting Borchetta was seeking $300-350 million. That price tag was said to refer to only the Big Machine label operation, not the publishing operation. No word on a valuation for the latter company, but it has been very successful: it has appeared four times in the top 10 publishers for radio airplay over the last two years, and for 10 consecutive quarters in a row for the Top 10 country radio publishers, which tracks marketshare for the top 100 country radio songs.
Meanwhile, Braun’s SB Project -- which serves some of the biggest pop-culture icons, including Ariana Grande, Justin Bieber, J. Balvin, Demi Lovato, Tori Kelly, Zac Brown Band, and Dan + Shay -- also has partnerships with Jason Owen’s Sandbox Entertainment and Morris Higham Management. Ithaca also has a long-standing investment in and partnership with Aubrey "Drake" Graham and Adel "Future" Nur.
Rounding out the company’s capabilities, Ithaca launched Raised in Space, an investment fund focused on the intersection of music and technology led by former BMG President Zach Katz. Beyond music, Ithaca also started Mythos Studios in partnership with Marvel Studios founding chairman David Maisel. The various entities are expected to continue normal operations.
While Big Machine lost megastar Taylor Swift to Universal Music Group late last year, the label roster still includes such stars as Florida Georgia Line, Thomas Rhett, Reba McEntire, Rascal Flatts, Brantley Gilbert, Lady Antebellum, Cheap Trick and Jennifer Nettles, as well as acts like Justin Moore, Eli Young Band, Brett Young, Midland, Carly Pearce, Riley Green, Aaron Lewis, Badflower and The Voice winner Danielle Bradbery. The label also retains the Swift catalog.
So far this year, Big Machine has a market share of 1.17%, exactly what it had a year earlier at the mid-year point. Billboard estimated that the record label’s revenue has ranged from $80 million to $120 million averaging about $90 million-$95 million over the last four years.
Both companies have strong affiliations with UMG through distribution deals, something that will apparently remain in place going forward.
“In this new chapter, we could not be more excited to continue our respective relationships with [UMG chairman and CEO] Sir Lucian Grainge who has been nothing but supportive and a mentor in our careers,” Braun said in a statement.
Latest News
Top news around the world
Coronavirus Disease

Coronavirus disease (COVID-19) is an infectious disease caused by a newly discovered coronavirus.

Most people infected with the COVID-19 virus will experience mild to moderate respiratory illness and recover without requiring special treatment. Older people, and those with underlying medical problems like cardiovascular disease, diabetes, chronic respiratory disease, and cancer are more likely to develop serious illness.

Around the World

Celebrity News

> Latest News in Media

Watch It
"Friends" Star James Michael Tyler Dead at 59
October 24, 2021
4Bb9l8DaL38
Ed Sheeran Tests Positive for COVID-19
October 24, 2021
kvOsFW83Af4
Jesse McCartney & Katie Peterson Are Married!
October 24, 2021
KQB1mLPGgg4
Teresa's engagement, Lala's breakup and more Virtual RealiTea drama | Page Six Celebrity News
October 22, 2021
pL6thz9zRWc
Cynthia Bailey wants to protect husband Mike Hill from ‘reality TV curse’ | Page Six Celebrity News
October 22, 2021
TO1ltz90FV0
De Niro’s estranged wife won’t get half of his acting income | Page Six Celebrity News
October 22, 2021
SIQj1AuioZs
E-40 Slinging Gourmet Meats as 'Goon with the Spoon' | TMZ
October 25, 2021
_3NUUJaIIoY
Sisqo Has Advice For Drake On Dealing With Impostors, Don't Sue Them | TMZ
October 22, 2021
VkjnwYMtkRo
Snoop Dogg's 50th Birthday Party, Fully Lit Old School Playas Ball | TMZ TV
October 22, 2021
kc62svaZeVo
Issa Rae and Yvonne Orji Dish on Season 5 of ‘Insecure’
October 22, 2021
KA7ZEjY3rvk
Kristen Stewart Opens Up on 'Eternals' LGBTQ Inclusion, Ruby Rose Battles with WarnerBros | The Take
October 21, 2021
7d3MFpaP2L8
AT&T Stock Falls Following Q3 Earnings Results
October 21, 2021
LZNkmpoVefA
TV Schedule
Late Night Show
Watch the latest shows of U.S. top comedians

Sports

Latest sport results, news, videos, interviews and comments
Latest Events
19
Nov
ASIAN CHAMPIONS LEAGUE: Group H
Sydney FC - Shanghai SIPG
17
Nov
UEFA NATIONS LEAGUE A: Group Stage
Spain - Germany
14
Nov
UEFA NATIONS LEAGUE A: Group Stage
Germany - Ukraine
08
Nov
ENGLAND: Premier League
Manchester City - Liverpool
08
Nov
ENGLAND: Premier League
Arsenal - Aston Villa
08
Nov
SPAIN: La Liga
Valencia - Real Madrid
08
Nov
ITALY: Serie A
AC Milan - Verona
08
Nov
ENGLAND: Premier League
West Bromwich Albion - Tottenham Hotspur
08
Nov
ITALY: Serie A
Bologna - Napoli
08
Nov
ITALY: Serie A
Genoa - Roma
08
Nov
ITALY: Serie A
Atalanta - Inter Milan
08
Nov
ITALY: Serie A
Lazio - Juventus
08
Nov
GERMANY: Bundesliga
Bayer Leverkusen - Borussia Monchengladbach
08
Nov
ENGLAND: Premier League
Leicester City - Wolves
08
Nov
GERMANY: Bundesliga
Wolfsburg - Hoffenheim
08
Nov
SPAIN: La Liga
Real Valladolid - Athletic Bilbao
08
Nov
SPAIN: La Liga
Levante - Alaves
08
Nov
SPAIN: La Liga
Real Sociedad - Granada CF
08
Nov
ITALY: Serie A
Torino - Crotone
08
Nov
SPAIN: La Liga
Getafe - Villarreal
07
Nov
GERMANY: Bundesliga
Borussia Dortmund - Bayern Munich
07
Nov
ENGLAND: Premier League
Everton - Manchester United
07
Nov
ENGLAND: Premier League
Chelsea - Sheffield United
07
Nov
SPAIN: La Liga
Atletico Madrid - Cadiz
07
Nov
SPAIN: La Liga
Barcelona - Real Betis
07
Nov
GERMANY: Bundesliga
Augsburg - Hertha Berlin
07
Nov
GERMANY: Bundesliga
Stuttgart - Eintracht Frankfurt
07
Nov
GERMANY: Bundesliga
RB Leipzig - SC Freiburg
07
Nov
ENGLAND: Championship
Rotherham - Preston NE
07
Nov
ITALY: Serie A
Parma - Fiorentina
07
Nov
ENGLAND: Championship
Watford - Coventry
07
Nov
ENGLAND: Championship
Norwich City - Swansea City
07
Nov
ENGLAND: Championship
Blackburn - QPR
07
Nov
ENGLAND: Championship
Derby County - Barnsley
07
Nov
ENGLAND: Championship
Huddersfield - Luton
07
Nov
ENGLAND: Championship
Nottingham Forest - Wycombe Wanderers
07
Nov
ENGLAND: Premier League
West Ham United - Fulham
07
Nov
ENGLAND: Championship
Sheffield Wednesday - Millwall
07
Nov
ENGLAND: Championship
Brentford - Middlesbrough
07
Nov
ENGLAND: Championship
Birmingham - Bournemouth
07
Nov
SPAIN: La Liga
Sevilla - Osasuna
07
Nov
ITALY: Serie A
Benevento - Spezia
07
Nov
ENGLAND: Premier League
Crystal Palace - Leeds
04
Nov
CHAMPIONS LEAGUE: Group stage, Group G
Ferencvaros - Juventus
04
Nov
CHAMPIONS LEAGUE: Group stage, Group G
Barcelona - Dynamo K.
03
Nov
CHAMPIONS LEAGUE: Group stage, Group A
Salzburg - Bayern Munich
03
Nov
CHAMPIONS LEAGUE: Group stage, Group D
Atalanta - Liverpool
Find us on Instagram
at @feedimo to stay up to date with the latest.
Featured Video You Might Like
zWJ3MxW_HWA L1eLanNeZKg i1XRgbyUtOo -g9Qziqbif8 0vmRhiLHE2U JFCZUoa6MYE UfN5PCF5EUo 2PV55f3-UAg W3y9zuI_F64 -7qCxIccihU pQ9gcOoH9R8 g5MRDEXRk4k
Copyright © 2020 Feedimo. All Rights Reserved.