The industry is abuzz today with news that Sony Corporation is interested in buying Big Machine Label Group, home of Taylor Swift, Reba, Martina McBride and Rascal Flatts, reports Business Week.
The deal, worth a reported $200 million, would put Big Machine’s current President and Founder Scott Borchetta at the helm of Sony Nashville.
In an interesting twist however, Universal Music might be looking to get in on the action and make a bid of their own. Universal currently distributes all of the Big Machine releases, a deal that is in place through 2012.
Stay tuned to Keepin’ It Country for all of the latest information as this story progresses.