TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Taylor Swift says her master tapes sold off for second time
Change Size
Taylor Swift at the 77th Golden Globe Awards in Beverly Hills, California, United States, on January 5, 2020. (REUTERS/Mario Anzuoni)
T
aylor 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.
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
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 to 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.
Read also: Taylor Swift calls release of old songs 'shameless greed'
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 brought 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.
