Scooter Braun sells Taylor Swift's Masters: Report
Scooter Braun and its media holding company Ithaca Holdings LLC are selling the master rights to Taylor Swift's first six albums, Variety reports. Ithaca announced the acquisition of Big Machine Label Group back in June 2019 and gave the company the rights to Swift's albums for the label (Taylor Swift 2006 to 2017). It was not disclosed who bought the masters rights, but according to Variety, the deal was for more than $ 300 million.
Swift initially responded to the Braun and Ithaca acquisitions with an open letter on Tumblr. "All I could think of was the incessant, manipulative bullying I had received from him for years," she wrote. "This is my worst case."
In a summer 2019 interview, Taylor Swift said she plans to re-record her music in response to Ithaca's acquisition of her catalog. "My contract says that I will be able to record albums one to five again from November 2020," she said. "It's next year. It's just around the corner. I'll be busy. I'm very excited."
Taylor Swift signed with Universal Music Group and Republic Records in 2018. She has released two albums for Republic: Lover and Folklore.
Pitchfork reached out to representatives from Taylor Swift, the Big Machine Label Group and Scooter Braun.
Check out Pitchfork's "Taylor Swift's Music Ownership Controversy with Scooter Braun: What It Means and Why It Matters".