Taylor Swift robbed of chance to own rights to her music once again

Taylor Swift robbed of chance to own rights to her music once again

The singer said she received a letter from a private equity company letting her know they had bought 100% of her music and videos.
17 Nov, 2020

Taylor Swift said on Monday that her master recordings had been sold off to a private equity company, denying her the chance to buy back the tapes herself and resume control over the rights to her first six albums.

“This was the second time my music had been sold without my knowledge,” the 30-year-old singer wrote in a Twitter posting.

Swift also said she had begun re-recording her early songs and that it had “proven to be exciting and fulfilling.”

Swift’s comments followed a long-running feud with her former record company, Big Machine Group, and with music executive Scooter Braun over the rights to some of her biggest hits, including Shake It Off and You Belong With Me.

Braun bought the Big Machine record label in 2019 after Swift left the label in 2018 for a new deal with Universal Music Group. Braun and the pop star have been involved in a bitter public dispute ever since.

Swift, a 10-time Grammy winner, wrote on Monday that she received a letter a few weeks ago from private equity company Shamrock Holdings “letting us know that they had bought 100% of my music, videos and album art from Scooter Braun.”

She added that under the terms of the sale, Braun “will continue to profit off my old music catalog for many years.”

Braun did not immediately respond to a request for comment. Hollywood trade outlet Variety reported on Monday that Braun had sold the master rights to Swift’s first six albums to an investment fund in a deal believed to be worth more than $300 million.

Variety did not give the name of the investment fund.

Los Angeles-based Shamrock Holdings could not immediately be contacted for comment.


Raja Nov 17, 2020 11:03am
She got paid thousands of crores Rupees for her Music. She’s the richest singer in the world. It seems like a emotional blackmail to ask for ownership again for free after selling selling it for huge amount.
Zak Nov 17, 2020 01:36pm
Sooner or later she will get it back. Right always wins.
Zak Nov 17, 2020 01:37pm
@Raja Its in dollors, dollors.
Raja Nov 17, 2020 03:10pm
@Zak I don’t know what’s dollors, may be some fantasy currency. However, all real currencies can be exchanged with each other - Dollars, Euros, Rupees etc.
BrownFlower Nov 17, 2020 04:38pm
She wouldn't have become an artist, had the investors not put up the money on her. This is how capitalism works. What she can do is to form her own venture fund, and then buy out her music back.
bhaRAT© Nov 17, 2020 05:57pm
@Raja "She got paid thousands of crores Rupees for her Music" When did you ever pay her in 'Rupees'? She gets paid in dollars!