While Borchetta has been building out the label of late — he just signed a new joint venture with Reba McEntire and Cumulus Group — the sale process is being clouded by a number of factors, including the fact that Swift is nearing the end of her contract with the label.
The 24-year-old singer has just one album left on her current contract.
Plus, Swift’s family owns a piece of the label.
Without Swift, the label’s value is likely worth a lot less.
Swift, the centerpiece of the Nashville, Tenn., label, has stunned the record industry yet again with first week sales of her latest album, “1989,” forecast to hit 1.2 million units.
If those forecasts prove correct, “1989” will be the first platinum album of the year.