After more than a decade with Lyric Street Records, country music's most successful band Rascal Flatts has annouced today that they have joined the Big Machine Records family that is headed by CEO/Owner Scott Borchetta and includes artists like Taylor Swift, Steel Magnolia and Jack Ingram. 

"We didn't choose the Pinnacle building by accident," Borchetta says. "They define the pinnacle of success over the last 10 years." "We want to tip our hats to Lyric Street and everyone in the Disney family," RF's Joe Don Rooney says. "This is a new day for us and we are very excited." The trio's new album Nothing Like This will be released Nov. 16, with the first single "Why Wait" out today. - Country Aircheck (source)

From the press release:

Disney Music Group finalized arrangements today for the release of the forthcoming Rascal Flatts record Nothing Like This to be on Big Machine Records. The Rascal Flatts catalogue will remain with the Disney Music Group.
 
As Big Machine Records becomes the new musical home to Rascal Flatts, who are Country Music’s most awarded group of the millennium and an act at the pinnacle of their career, the final touches are being made on the group’s next album Nothing Like This, its seventh studio release.

Nothing Like This will be in stores on November 16 and was produced by Dann Huff and is the follow up to Unstoppable released in 2009.  The lead-off single, “Why Wait,” was written by Neil Thrasher, Tom Shapiro and Jimmy Yeary, and is going out to Country radio immediately.

Big Machine Label Group President/CEO Scott Borchetta says, “Rascal Flatts are the biggest band in Country Music and we’re honored and thrilled to have them join the Big Machine Records family.  While they are celebrating their first ten years together I selfishly can’t wait to start on their next ten years.  They have made a fantastic new album and they are completely energized and ready to take on not only the US but also the rest of the world. Why wait?”    
 
“We are extremely excited about our new partnership with Big Machine Records!,” says Jay DeMarcus, bassist and background vocalist for Rascal Flatts.   “We believe that Scott Borchetta and all of the folks over there are a perfect fit for what Rascal Flatts is trying to accomplish over the next few years.  The last 10 years have been amazing but we are even more excited about the next phase of our career; Scott understands us, he knows what we're about and it's always a wonderful thing to have someone who believes in you and your music that much in your corner.”