Hybe America has announced that Scott Borchetta is departing the company.
Borchetta has served as the CEO of Big Machine Label Group since Hybe’s acquisition of Ithaca Holdings in 2021.
He founded Big Machine Records in 2005 and, under his leadership, the company developed and supported major artists including Taylor Swift.
Borchetta will continue to use the Big Machine Records brand for his future ventures.
Hybe America will retain assets, the distribution deal, the publishing company Big Machine Music and a number of artists 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."
“I am incredibly appreciative of my partnership with Hybe over these last five years,” added Scott Borchetta. “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.”
"Hybe America will continue to support our artists’ interests across music, film, television, brands and culture in the US market and beyond," said Lee. “We are beyond excited for our future in Nashville and will make further announcements in due course.”
PHOTO: Scott Borchetta (credit: John Shearer)
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