Big Machine Label Group Founder Scott Borchetta Steps Down: Hybe America Announces New Chapter
Hybe America recently announced that Scott Borchetta, the founder of Big Machine Music, is stepping down from the company. Borchetta has been the CEO of Big Machine Label Group since its acquisition in 2021. He established Big Machine Records in 2005 and achieved success with artists like Taylor Swift, Thomas Rhett, and Midland. Despite his departure, Borchetta will continue to use the Big Machine Records brand for his future endeavors.
Hybe America will retain assets, the distribution deal, and the publishing company Big Machine Music. They will also keep a number of artists currently on the label’s roster, including Thomas Rhett, Brett Young, Midland, and others. The company will operate under a new label name, and details about the new leadership will be announced soon.
Borchetta's relationship with Taylor Swift has been a point of contention, with Swift and her fans criticizing him for the terms of her recorded-music catalog acquisition. Despite the past issues, Hybe America's Chairman and CEO, Isaac Lee, expressed gratitude for Borchetta's contributions to the music industry and supported his decision to pursue new ventures independently.
In a statement, Borchetta expressed his appreciation for the partnership with Hybe over the past five years and thanked them for allowing him to continue building the Big Machine Records brand. Hybe America remains committed to supporting artists across various platforms and is looking forward to future endeavors in Nashville and beyond.
Stay tuned for more updates on this evolving situation as Variety continues to report on the latest developments.