Taylor Swift has become one of the most bankable musicians in the world Photo: AFP
entertainment

Taylor Swift says back catalog sold without her knowledge

12 Comments
By Dimitrios Kambouris

Taylor Swift has confirmed that the rights to her first six albums have been sold to a private equity firm without her knowledge, in the latest dispute over the pop megastar's lucrative back catalog.

The 30-year-old singer has become one of the most bankable musicians in the world after more than a decade of chartbusting hits including "Shake It Off" and "I Knew You Were Trouble".

But last year she began sparring publicly with music mogul Scooter Braun, who manages rival popstars Justin Bieber and Ariana Grande, after his company's decision to purchase a majority stake in the bulk of her recordings.

Swift said she had been trying to actively regain control of her master recordings for the last year in a late Monday post on Twitter, following a report by entertainment magazine Variety that Braun had sold the assets for $300 million.

But despite attempting to negotiate with Braun, she said her team had "received a letter from a private equity company called Shamrock Holdings" announcing they had purchased her music, videos and album art.

"This was the second time my music has been sold without my knowledge," she wrote, adding that she had begun re-recording her earlier songs. Braun is yet to respond to Swift's tweet.

Swift had vowed last year to regain command of her first six albums by making her own new masters. She said at the time that she was contractually allowed to do so from this month.

The dispute between Swift and Braun simmered for months last year after the industry mogul purchased Big Machine, the singer's label of more than a decade.

At one point, the singer said Big Machine had barred her from performing her songs on television or releasing a Netflix documentary -- claims the company denied.

© 2020 AFP

©2020 GPlusMedia Inc.

12 Comments
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There is no end to greed and the misery inflicted on those in its way...

4 ( +5 / -1 )

Greed on this scale should be rewarded with a minimum of 20 years penal servitude.

Because justice matters.

4 ( +6 / -2 )

Look TS made decisions in HER career, seems like some included selling the RIGHTS to her music.

If these come up for sale & appears they did, that doesnt mean the seller HAS to sell them to TS, they are free to sell to whoever they want.

TS poisoned her own plans to re-gain her music, seems her plan to re-obtain has failed or hit another obstacle, she might want to re-think her approach, whining to the media doesnt appear to have helped her.

0 ( +7 / -7 )

Taylor Swift says back catalog sold without her knowledge

If she doesn't own her back catalog, I don't see a problem with it.

-1 ( +5 / -6 )

Paul McCartney don't own his catalog which belongs to Sony.

7 ( +7 / -0 )

Taylor Swift is not the cute little harmless pop jewel that the media promotes her as. She is a very talented, cold , calculated artist that will step on anybody to get where she needs to go. She always knew what she was doing. Scooter only called her bluff and she lost big time.

8 ( +9 / -1 )

Let me summarise: Signed a contract at the beginning of her career as an adult. Now regrets it. Never shuts up about it because she thinks she’s entitled.

5 ( +6 / -1 )

One of the reasons I hate the recording industry. So glad to see streaming and downloading dig in to their moneybags.

2 ( +2 / -0 )

She's re-recording her music to own herself - this whole thing won't matter soon

1 ( +2 / -1 )

Another Who Cares ? Moment:

2 ( +2 / -0 )

She's re-recording her music to own herself - this whole thing won't matter soon

..... who knows, if people want to BUY TS music they will have TWO places to do so by the looks of it.......

0 ( +0 / -0 )

Let me summarise: Signed a contract at the beginning of her career as an adult.

She was 15 years old. Her parents had to sign for her as "responsible adults". They were not a show business family and didn't know any better. The were in effect taken advantage of by wily music industry executives. When she finally as an adult grew tired of her record label management she offered to buy back all of her previous work from them before moving to Universal, where they were letting her keep her masters. The old label told her she could buy back one album master for every new album she cut with them. At that rate she would never own her own work because she would not own the new album she just cut to be able to buy back one of her earlier albums. I can understand her anger, especially since many of her older videos were self financed out of her earnings from shows in small venues like night clubs, county fairs and the like when she was up and coming.

1 ( +1 / -0 )

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