Taylor Swift's masters resold
Taylor Swift's masters have been sold again!
Scooter Braun (Justin Bieber and Ariana Grande's Manager) is hitting the headlines regarding his feud with Taylor.
17 months after Scooter Braun's Ithaca Holdings LLC acquired Big Machine Label Group and all of its recorded music assets, sources have said Scooter has sold the master rights to Taylor Swift's first six albums. The buyer has been revealed as Shamrock Holdings, who are said to have agreed on a deal of around $300 million 115,338360 OMR.
This has meant that Taylor Swift still isn't in charge of how her songs are used e.g. on adverts or movie soundtracks.
Taylor has responded to the news of Scooter selling her masters on Twitter:
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
Taylor explains how Scooter tried to get her to sign a contract where she would only talk about him publicly in a positive light and how he will still make money off her masters, despite the sale.
Long story short, always read the fine print as Taylor Swift is still facing issues with contracts from the beginning of her career.