Scott Borchetta is leaving Hybe America and is planning to relaunch Big Machine Records.
Hybe acquired the Big Machine Label Group in 2021 as part of its acquisition of Scooter Braun’s Ithaca Holdings.
Borchetta has served as CEO of Big Machine Label Group since the acquisition. The executive founded Big Machine Records in 2005 and supported and developed artists such as Taylor Swift.
Hybe will retain the assets from Big Machine Label Group, but Borchetta will reacquire the Big Machine Records brand and relaunch it for future ventures. Hybe will also retain the distribution deal, the publishing company Big Machine Music, and a number of talent currently on the label’s roster, including Thomas Rhett, Brett Young, Midland, Justin Moore, Carly Pearce, Preston Cooper, Jackson Dean, and Mae Estes. The Hybe-run company will operate under a new label name, and an announcement on the label’s new leadership will be made in the upcoming days.
“Scott has made a lasting mark on the music industry with his sharp eye for talent and his unique vision,” said Isaac Lee, Chairman and CEO of Hybe America. “He recently approached us to ask for our support as he works to pursue a new, independent and entrepreneurial stage of his career, working to advance the Big Machine brand separately from Hybe. While we are sad to see Scott go, we understand – and want him to pursue his passions, and are grateful for all he did for the company.”
Borchetta added, “I am incredibly appreciative of my partnership with Hybe over these last five years. Chairman Bang often talks of his fondness for entrepreneurs and he, Isaac, and the Hybe leadership team have extended that belief with this incredible showing of support by allowing me to continue to build upon my vision of the Big Machine Records brand. For that, I am forever grateful and wish them nothing but continued and incredible global success.”
English (US) ·