Scott Borchetta has decided not to sell his company, the Big Machine Label Group, at least for now, and has re-signed a distribution agreement with Universal Music Group that will give him full ownership of Republic Nashville, according to sources.
While a number of companies were said to be interested in acquiring Big Machine -- he had talks with Sony Music Entertainment, the Warner Music Group, iHeartMedia, Snapchat and some private equity firms -- in the end, he apparently didn't get the deal he wanted. Sources initially suggested he was looking for a valuation of $225 million to $250 million, but added that interested parties looking at the company were putting the valuation at around $185 million to $200 million, largely because of the Taylor Swift contract, which still has one studio album and a greatest hits album left on its deal; and because of Borchetta's value as a top industry executive.
I remember Taylor saying that she hates the idea of greatest hits albums. And that she'd much rather release a unreleased song box set or something. I wish I could find that radio interview.
I remember Taylor saying that she hates the idea of greatest hits albums. And that she'd much rather release a unreleased song box set or something. I wish I could find that radio interview.
They usually write that stuff in pretty early, so it's not guaranteed that she will have to do one either, she may just end up renegotiating her contract after her next album.
but yass at Jakekills hopes