Scott Borchetta has renewed Big Machine Label Group's distribution deal with Universal Music, and is not selling the Taylor Swift label - for now.
Sources report that Borchetta has tabled the sale, while the new deal with Universal gives Big Machine full ownership of joint venture Republic Nashville as well as a lower distribution fee.
Rumours around a potential sale of Big Machine began late last year, with reports that Borchetta was looking for upwards of $200 million for the ...
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