Among the main architects of the deal were Sony Music Entertainment CEO Doug Morris, Columbia Records Chairman and CEO Rob Stringer, Sony Music Nashville Chairman and CEO Randy Goodman and Sandbox Entertainment’s Jason Owen, who manages Hill. Also involved were McGraw’s manager Scott Siman and attorney Joel Katz, who negotiated the deal for Hill and McGraw. Stringer ascends to Sony Music Entertainment CEO on April 1, as Morris transitions to Sony Music Chairman.
The deal comes as the pair prepares to kick off the latest iteration of their acclaimed Soul2Soul tour April 7 in New Orleans.The multi-Grammy-winning couple began touring together in 1996 on McGraw’s Spontaneous Combustion tour. In 2000, they created the Soul2Soul franchise, touring again under that name in 2006-07.
McGraw had been with Big Machine Label Group since 2012, after leaving Curb Records. Hill had been with Warner Bros. Nashville for more than 20 years and released her last album for the label, Deep Tracks, last November.
They can currently be heard on The Shack soundtrack, which comes out Feb. 24 on Atlantic Records, on the duet “Keep Your Eyes on Me.” McGraw also stars in the film.
Representatives for Big Machine and Warner Bros. Nashville declined to comment.