father] Scott Swift owns three percent of Big Machine." By March 2009, Big Machine artist Danielle Peck had left the label. The departure occurred during a downturn period for the overall U.S. music industry. In February 2010, Swift won four Grammys—including Album of the Year (Fearless), Best Country Album (Fearless), Best Country Song ("White Horse"), and Best Female Country Vocal Performance ("White Horse")—becoming the first Big Machine artist to win a Grammy Award. Borchetta signed a deal with Clear Channel—which later changed its name to iHeartMedia—in 2012 that ensures payment for Big Machine artists from terrestrial and digital radio airplay. Three years after the deal was signed, Borchetta said that the revenue streams were "very meaningful." In response to a claim that Borchetta was seeking a sum of US$200 million for Big Machine since the release of Swift's fifth studio album 1989, the label head refuted the claim in November 2014: "Every time we have a Taylor [Swift] record, they're like, 'Oh, he's selling the company.'" However, Borchetta did not rule out a future change of ownership, stating that "the business is changing so quickly, and if I see a strategic opportunity that's going to be better for our artists and executives, it's going to be a serious conversation." Following the release of 1989, her Big Machine contract required her to produce one more full-length album for the label. The Zac Brown Band announced on January 12, 2015, that it had finalized a four-way strategic partnership involving the Southern Ground Artists record label, Big Machine Label Group, Republic Records and John Varvatos Records for the release of its fourth studio album. The terms of the deal state that Zac Brown Band will work with Big Machine Label Group for marketing and distribution, while Southern Ground Artists will work on radio promotion, Republic will provide support in the area of non-country radio formats and international promotion, and Varvatos will oversee branding and styling. Borchetta was quoted in the Big Machine press release as saying that there is "literally no ceiling" to what can be achieved by the new partnership, and also spoke of "moments when our best artists hit a global stride and a deeper sense of engagement that speaks a clearer musical language". In a February 2015 interview, Borchetta refused to comment on the status of the label's distribution deal with Universal Music Group (UMG), which was up for renegotiation