Ithaca Holdings to acquire Big Machine Label Group.

Ithaca Holdings, a media holding company, has agreed to acquire Big Machine Label Group, a leading independent record label founded by Scott Borchetta. Financial terms were not disclosed. "The idea of Scott and I working together is nothing new, we've been talking about it since the beginning of our friendship. I reached out to him when I saw an opportunity and, after many conversations, realized our visions were aligned. He's built a brilliant company full of iconic songs and artists. Who wouldn't want to be a part of that? By joining together, we will create more opportunities for artists than ever before, by giving them the support and tools to go after whatever dreams they wish to pursue." Scooter Braun Ithaca Holdings owner.