- Borchetta’s race car went off the track at the Trans AM2 Series in Georgia on Sunday
- The 60-year-old manager of the music label is said to be in “stable condition”.
- He sold his label containing all of Taylor Swift’s early albums
Big Machine Records CEO Scott Borchetta is now in “stable condition” after crashing his race car at the Trans AM2 series in Georgia on Sunday.
The 60-year-old manager, who sold his label – and Taylor Swift’s early master recordings – to Scooter Braun in 2019, was recovering from the scary crash that occurred on the 24th lap of the track, according to Toby Christie.
‘I can tell you [Scott] is OK. He is conscious and has spoken to his team but is on his way to the hospital,” commentators announcing the race said shortly after the incident, according to the sit. “It was a great success but I’m happy to say knowing that he is now well taken care of and being taken to the hospital. This is the latest.’
On Monday, Borchetta’s label confirmed his fall, saying he “was taken to the hospital for an assessment of his injuries and is currently in stable condition.”
“We ask everyone to respect the privacy of the Borchetta family during this time,” she added in a statement.
Big Machine Records CEO Scott Borchetta, 60, is now in “stable condition” after crashing his race car at the Trans AM2 series in Georgia on Sunday; seen in Nashville in 2019 Bad blood: Borchetta infamously sold Taylor Swift’s master recordings to Scooter Braun. She later claimed he prevented her from buying them herself prior to the controversial sale; seen with Swift in Nashville in 2011
The Trans Am Series also released a statement from President John Clagett and PMH CEO Tony Parella about Borchetta’s crash, wishing him a “speedy recovery.”
“Scott is a passionate and talented competitor and his commitment to Trans Am is evidenced by his participation as a team owner, driver and partner,” it said, adding that the safety of Trans Am Series drivers is their “top priority.” have .’
“We are deeply grateful to the safety and medical crews at the circuit as well as the local hospital staff who provided excellent care,” it concluded.
Although Borchetta is best known for running Big Machine Records, which specializes in country and pop music, he has also shown a passion for racing in recent decades.
He competed in motorcycle and quarter-dwarf racing when he was younger, but gave up the sport to focus on his career in the music industry.
However, Borchetta returned to racing in 1995 when he entered a race at the Nashville Fairgrounds Speedway in Legendary Cars, which are 5/8 scale vehicles modeled after classic automobiles from the 1930’s and 40’s.
Later in the decade, he advanced to the NASCAR SuperTruck Series, where he won back-to-back championships in 2003, ’04 and ’05.
He debuted with the Trans Am series in 2020 and founded Big Machine Racing in 2021.
Borchetta has played a key role in advancing the careers of country stars like Tim McGraw, Carly Pearce and Sugarland, while Rscall Flatts and legends like Garth Brooks, Reba McEntire and Trisha Yearwood were once signed to the label.
The manager got a lot of bad publicity in 2019 when he sold his label to manager and talent agent Scooter Braun’s Ithaca Holdings.
Though the move put Braun in control of the entire label, fans focused on his most recognizable asset: Taylor Swift’s master recordings.
Swift later claimed she tried to buy her masters from Big Machine, only to be turned away by Borchetta, who would allegedly only allow her to buy her masters album by album in exchange for recording additional LPs with the label they wouldn’t own the master recordings of what they do.
Braun’s Ithaca Holdings company and all of its Big Machine assets were later sold to South Korean entertainment company Hybe Corporation, although Borchetta was allowed to continue as Big Machine’s CEO.
Dangerous: The manager, who sold his label – and Taylor Swift’s early master recordings – to Scooter Braun in 2019, was recovering from the scary crash that happened on the track during lap 24, according to motorsport website TobyChristie.com; seen in Nashville in 2019 Best Wishes: The Trans Am Series also released a statement from President John Clagett and PMH CEO Tony Parella about Borchetta’s crash, wishing him a “speedy recovery.” Buddy: In 2019, Borchetta sold Big Machine — along with the former label, artist Taylor Swift’s early master recordings — to talent agent Scooter Braun, which infuriated the singer; seen in 2019 Back at it: After selling Borchetta, Swift began re-recording her early albums to starve the label and its parent company of revenue from her master recordings; Her newly recorded Red (Taylor’s version) is pictured
Though her master changed hands several times, Swift may have gotten the last laugh as she embarked on a project to re-record all of her old albums.
The re-releases, subtitled “Taylor’s Version,” are almost identical to the originals in most cases, but Swift owns all rights to the recordings and she has urged her fans to only buy or stream her re-recorded versions in the future to starve Big Machine and her owner of the proceeds from her music.
Swift owns the masters of all of her future Lover albums, including hit surprise albums Folklore and Evermore and her most recent hit, 2022’s Midnights.
The artist was honored with the Innovator Award at the iHeartRadio Music Awards on Monday night.