Forgive my dad joke, but Taylor Swift ain’t gonna shake this off and wont calm down.
It was announced late yesterday that Scooter Braun had sold the rights to her first six albums just 7 months after his LLC acquired the massively popular catalog in a buy out of Nashville-based Big Machine Label Group (BMLG).
There’s been back and forth between the two moguls since he acquired the music. Him saying he gave Taylor a chance to buy her music from him and her staunchly denying that.
It’s believed Scooter got $300,000,000 for the decade of work.
Swift responded via Twitter that “a few weeks ago” her reps were sent a letter by Shamrock Holdings, a private equity company, “letting us know that they had bought 100% of my music, videos, and album art from Scooter Braun. This was the second time my music had been sold without my knowledge. The letter told me that they wanted to reach out before the sale to let me know, but that Scooter Braun had required that they make no contact with me or my team, or the deal would be off.”
Swift went on to say that, during talks with Shamrock, she discovered under the terms of the sale Braun would “profit off my old musical catalog for many years. I was hopeful and open to the possibility of a partnership with Shamrock, but Scooter’s participation is a non-starter for me.”
This is not over. These two titans will now be enemies for life and in the tiny world of musical giants, they are bound to meet again.
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