During a press conference at Nashville's Country Music Hall of Fame and Museum today (May 21), Tim McGraw announced that he's joined Big Machine Label Group's artist roster. The singer will now be represented by the same record label that Taylor Swift, Rascal Flatts, Martina McBride and Reba call home.

"Many people know that I came to Nashville 23 years ago on a Greyhound bus with nothing but a guitar," Tim said. "And 23 years to the day, on May 9, I went back to the bus station and officially signed this deal. It was a significant way for me to mark this new beginning. [President/CEO] Scott Borchetta has developed a powerhouse at Big Machine, and I'm happy to be a part of what he has built and to call Big Machine Records my new label home. Excited doesn't even begin to describe how I'm feeling about working on a new album for this next chapter in my career. Here's to the next 20 years!"

That excitement goes both ways as the company's President/CEO Scott Borchetta has waited a long time for this opportunity: "I've always felt a kinship to Tim as my dad [Mike] originally signed Tim to [his first record deal with] Curb Records. We have wanted to work together for years and I can't believe this day has finally come. His level of artistry, vision, passion and energy comes along only so many times in any given era and I can tell you with the utmost confidence that there are many, many important chapters left to write."

The "Better Than I Used to Be" singer settled a very public battle with Curb Records back in November, when a Davidson County, Tenn., court denied an injunction from the label. At that time, the Louisiana native was free to sign with any organization he chose.

With this development, Big Machine will release new music from the superstar, while it will be distributed by Universal Music Group.

Next up, though, Tim hits the road with his longtime friend Kenny Chesney on the Brothers of the Sun tour. The trek kicks off June 2 in Tampa, Fla. Get a full list of dates here.

Tim and Kenny Team Up For Brothers of the Sun Tour

#fivemin-widget-blogsmith-image-847722{display:none;} .cke_show_borders #fivemin-widget-blogsmith-image-847722, #postcontentcontainer #fivemin-widget-blogsmith-image-847722{width:570px;height:411px;display:block;}
Chesney, McGraw Team Up For Summer Tourtry{document.getElementById("fivemin-widget-blogsmith-image-847722").style.display="none";}catch(e){}