It looks like Scott Borchetta might be aiming to strike while the iron is hot, if that time hasn't passed already: Big Machine Label Group, the current home to Taylor Swift, might be considering a sale, according to The New York Post.
Right now Big Machine, a Nashville-based label, has a rather impressive roster of country music stars-including Tim McGraw and Rascal Flatts. But Borchetta isn't fooling anyone if he says that all the sales potential behind the imprint lies on the biggest-selling musician on the planet: Taylor Swift. Reports indicate that he's shopping the label around to major labels, looking to bring in between $225 and $250 million. Some have already claimed that valuation is way too high, according to Billboard, but a Swift's continued sales accomplishments make it seem that she's worth shelling out for.
The music industry magazine once again upped its predictions for first-week sales for her new album 1989: What began as an 800,000 estimate rose last week to 1.2 million and has since been elevated again to 1.3 million, making it the biggest album debut since 2002, when Eminem's The Eminem Show hit a similar mark. Swift's accomplishment is even more impressive considering the stagnating numbers that album sales have undergone in recent years.
So will she stick around and make Big Machine worth what Borchetta is asking for it? At least for one record. Swift's contract with the label required her to release a greatest hits compilation that includes at least a few new songs. That will sell nicely but nowhere near what 1989 is on the brink of doing.
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