Drama ensued when Scooter Braun acquired Big Machine Music Group back in June of 2019. Why? Well, with it came the master rights to six Taylor Swift albums. Unsurprisingly, the country and pop singer wasn’t thrilled about the acquisition.
Fans suspect Taylor Swift purchased the master rights
According to Variety, someone recently purchased the master rights to all six albums from Scooter Braun. And, he made out like a bandit earning over $300 million.
Taylor Swift took to Twitter just hours after news of the sale broke on yesterday. And, she shed a little more light on the matter. Many of her fans suspected she was the unknown buyer. And, she wanted to clear the air on the speculation. Turns out, she’s been trying to purchase her master rights back from Scooter Braun. But, the purchase didn’t come without stipulation.
Been getting a lot of questions about the recent sale of my old masters. I hope this clears things up. pic.twitter.com/sscKXp2ibD
— Taylor Swift (@taylorswift13) November 16, 2020
She claimed Scooter and his team “wanted me to sign an ironclad NDA stating I would never say another word about Scooter Braun unless it was positive, before we could even look at the financial records of BMLG (which is always the first step in a purchase of this nature).”
I would have to sign a document that would silence me forever before I could even have a chance to bid on my own work. My legal team said that this is absolutely NOT normal, and they’ve never seen an NDA like this presented unless it was to silence an assault accuser by paying them off. He would never even quote my team a price. These master recordings were not for sale to me.”
Unfortunately, Taylor Swift did not purchase the master rights to her first six albums. She, however, knows who did.
The individual who purchased from Scooter Braun reached out to Swift
Taylor Swift confirms the individual who purchased the master rights from Scooter Braun did reach out to her. She reveals it was a private equity company called Shamrock Holdings. Owned by Roy E. Disney, the company has ties to the Walt Disney Company. Shamrock Holdings wanted Swift to know about the purchase. Moreover, they explained they hadn’t reached out until the deal was concluded because Scooter barred them from doing so.
Now, Shamrock Holding was hoping to work with Taylor Swift. But, Scooter Braun would still get kickbacks for years. And, that was a nonstarter for Taylor Swift. She wasn’t willing to do anything that would help Scooter line his pockets.
— Taylor Swift (@taylorswift13) August 27, 2020
As of this month, Taylor Swift has the freedom to re-record the songs from the first five albums. She reassured her fans last year she had plans to do so as soon as she was able to. This week she affirmed she was currently working on just that.
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