Big Machine Records is currently owned by Hybe Corporation (formerly Big Hit Entertainment), which acquired the label in 2019 through its subsidiary Ithaca Holdings. The acquisition was valued at approximately $300 million and marked a significant shift in the label's ownership history.

The record label was originally founded by Scott Borchetta in 2005, who served as its CEO until the 2019 acquisition. During Borchetta's leadership, Big Machine became one of country music's most influential record labels, launching the careers of artists like Taylor Swift, Florida Georgia Line, and Thomas Rhett.

In June 2019, Scooter Braun's Ithaca Holdings acquired Big Machine Label Group from Borchetta. This deal sparked considerable media attention, particularly due to the controversy surrounding Taylor Swift's master recordings, which were included in the sale.

Later, in April 2021, Hybe Corporation (the South Korean entertainment company behind BTS) purchased Ithaca Holdings for $1.05 billion. This transaction made Hybe the ultimate parent company of Big Machine Records, while maintaining Scooter Braun's involvement in the company's operations.

Today, Big Machine Records continues to operate as a subsidiary of Hybe Corporation, with Scott Borchetta remaining as President and CEO of the Big Machine Label Group. The label maintains its headquarters in Nashville, Tennessee, and continues to be a major force in country music while expanding into other genres.

Key ownership timeline: - 2005-2019: Scott Borchetta (Founder) - 2019-2021: Ithaca Holdings (Scooter Braun) - 2021-present: Hybe Corporation

This corporate structure has allowed Big Machine to maintain its strong presence in the American music industry while benefiting from the global reach and resources of its parent company, Hybe Corporation.

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