Later in October of that year, she released her first album under the label - also the label's first album - which sold over a million copies. I can cross that over," indicating she could potentially be a mainstream success. After Republic Records CEO Monte Lipman heard it, he told Borchetta "I don’t know if you realize this, but that’s a pop record. It focused on Swift's teenage relationship with a guy who owned a Chevy pickup truck, named after the actual country singer Tim McGraw. In June 2006, Big Machine released their first record under Swift, as they had no other artists at the time called " Tim McGraw". Shortly before he resigned, he approached his first client Taylor Swift and her family when she was performing at The Bluebird Cafe, and said he would sign her after he got the label started up due to financial issues. It was named after rock supergroup Velvet Revolver's 2004 single "Big Machine". The label, which was started by Scott Borchetta, was formed in 2005 after he resigned from being a DreamWorks executive after Universal Music purchased the label from DreamWorks Pictures. Photo of Scott Borchetta in 2019, the founder of the label. However, in April 2021, all of Ithaca Holdings, including Big Machine Records, would be gained by Hybe Corporation - or Big Hit Entertainment - which has South Korean artists such as BTS and TXT. This prompted Swift to not resign after her contract ended, going to Republic. In October 2018, Big Machine Records went up for sale, being acquired by Ithaca Holdings for $300 million.
After her contract ended, she would sign under Republic Records. Taylor Swift, a singer-songwriter, was signed to them from 2006 to 2018 and was their very first and most successful sign. They entered a four-way deal in 2015, including Republic, which made them agree to become an imprint of Republic as Republic would promote non-country music on radios and distribute it internationally. They have worked extensively with Republic Records, forming a Nashville co-owned branch of Republic, which would later be solely owned by Big Machine. Big Machine Records is an American record company distributed by Universal Music Group (UMG), and owned by Scott Borchetta, who founded it in 2005.
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