Ariana Grande‘s manager Scooter Braun has purchased Big Machine…the company which houses some of Taylor Swift‘s lucrative catalog.
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Braun is behind the careers of Justin Bieber, Ariana Grande and a number of their chart-rocking peers and has used his wealth and resources to acquire the Big Machine Label Group with help from the Carlyle Group.
This now means he has owns the records Machine’s breakout act Taylor Swift recorded during her time with the company.
He explained why he chose to team up with its boss Scott Borchetta.
The idea of Scott and I working together is nothing new, we’ve been talking about it since the beginning of our friendship. 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.
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.
The deal was finalised long after Swift left Machine to find a full-time friend in Universal Music, but does see Scooter’s “acquisition encompass all aspects of BMLG’s business, including its client roster, distribution deals, publishing sides and owned artist masters.”