Scooter Braun has sold Taylor Swift’s master recordings

Lula Sharp
November 17, 2020

Taylor said she was excited to work with them until she found that out.

On the plus side, Swift confirmed she has been re-recording her first five albums, which her contract allowed her to do beginning November 2020.

And Taylor promised her fans she has "plenty of surprises" in store. "I love you guys and I'm just gonna keep cruising, as they say".

Read Taylor's full update in her letter to fans below.

"For years I asked, pleaded for a chance to own my work", Swift wrote on Tumblr. The artist admits that she attempted to enter into negotiations with Braun and Ithaca Holdings, but talks died very early in the process.

"My legal team said that this is absolutely NOT normal, and they've never seen an NDA like this presented unless it was to silence an accuser by paying them off", Swift claimed. Based on that demand, and the fact that Braun's team "would never even quote my team a price", Swift came to the conclusion that "these master recordings were not for sale to me".

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The letter posted on her social media platforms shows how she was trying be "silenced" for good as she was notified about Braun and Shamrock Holdings' sales which would let Braun make money off her name. In the letter, she explained that Braun sold the music masters to her first six albums without her knowing. The note went on to say that after the sale, the firm had reached to Swift in hopes of striking up a partnership, but she ultimately declined after learning the details of their deal with Scooter Braun.

"As soon as we started communication with Shamrock, I learned that under their terms Scooter Braun will continue to profit off my old musical catalog for many years". She said in her message that she has also begun re-recording her old music which she called "exciting" and "creatively fulfilling". "Instead I was given an opportunity to sign back up to Big Machine Records and "earn" one album back at a time, one for every new one I turned in".

Braun and his Ithaca Rights Holdings LLC acquired the master rights to the albums in June of a year ago through a $300 million purchase of Swift's former label Big Machine - Variety reports today that Braun "profited handsomely" from his recent sale of the masters.

Braun did not immediately respond to a request for comment.

"I simply can not in good conscience bring myself to be involved in benefiting Scooter Braun's interests directly or indirectly", she said writing to Shamrock. As a result, I can not now entertain being partners with you.

Instead, Swift will be moving forward with her plans to record (and release) new versions of her Big Machine-era music.

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