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Scooter Braun Sells Taylor Swift's Master Recordings

Scooter Braun Sells Taylor Swift's Master Recordings

Almost two years after Scooter Braun‘s Ithaca Holdings LLC acquired Big Machine Label Group, Taylor Swift‘s former label, he has sold the rights to her master recordings.

Previously, when Scooter bought Big Machine Label, he became the owner of all of Taylor‘s six albums. Now, he has sold her master rights to an investment fund for north of $300 million. The deal closed in the last two weeks, Variety reports, and it’s unclear who bought them.

“This just happened to me without my approval, consultation or consent. After I was denied the chance to purchase my music outright, my entire catalog was sold to Scooter Braun’s Ithaca Holdings in a deal that I’m told was funded by the Soros family, 23 Capital and that Carlyle Group. Yet, to this day, none of these investors have bothered to contact me or my team directly — to perform their due diligence on their investment. On their investment in me. To ask how I might feel about the new owner of my art, the music I wrote, the videos I created, photos of me, my handwriting, my album designs,” Taylor said at the time of the original sale to Scooter. “The fact is that private equity enabled this man to think, according to his own social media post, that he could ‘buy me.’ But I’m obviously not going willingly.”

After Scooter purchased her masters, Taylor wrote an open letter in which she expressed that she has never been a fan of Scooter as she felt bullied by him and his client Justin Bieber. Scooter finally addressed the controversy last year.

Taylor previously indicated that she would be re-recording her songs from her six Big Machine albums so that she would own those songs. Legally, as of this month, Taylor is allowed to re-record her old songs.

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Photos: Getty
Posted to: Scooter Braun, Taylor Swift

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