According to sources, a deal is in process for iTunes to purchase the Big Machine Label Group for $250 million. Big Machine’s current distribution deal with UMG is up, and Taylor Swift has one more album left on the label before her contract expires, leading to speculation Big Machine wants to sell before they risk losing their superstar.
Big Machine Label Group
Taylor Swift’s 1989 did not appear on Spotify upon release, though the lead single “Shake It Off” was available. Then the shocking news came down Monday that her entire discography was pulled from the Spotify network, singles and all. The impact of Taylor Swift removing her music from Spotify, especially after she just revealed herself as the biggest artist of the last decade-plus, cannot be overstated.
Nashville’s and country music’s most influential record label is reportedly getting ready to be put up for sale according to a new report, and Taylor Swift’s 1989 album release and pending contract situation could have a big impact on it. Despite being a big label with many famous artist and significant subsidiaries, the Big Machine Label Group remains independently owned, operating through distribution deals.
1989, Big Machine Label Group, Big Machine Records, Florida Georgia Line, Justin Moore, Rascal Flatts, Reba McEntire, Red, Scott Borchetta, Sony, Taylor Swift, The Band Perry, Tim McGraw, Toby Keith, Universal Music Group