Taylor Swift has announced that her master that were once owned by Big Machine Records have now been sold for a second time.
Late last year, Scooter Braun purchased Big Machine Records from Scott Borchetta. As part of the deal, Braun took ownership of Swift’s master recordings of her entire catalog (minus music released after November 2019). Swift released a statement in which she said that she was not informed that her music was being sold.
Recently, Swift took to Twitter to announce that her music has once again been sold without prior knowledge to her. According to the New York Post, Swift actually attempted to enter negotiations with Big Machine Records and Braun but things did not go well.
“Scooter’s team wanted me to sign an ironclad NDA stating I would never say another word about Scooter Braun unless it was positive, before we could even look at the financial records of BMLG (which is always the first step in a purchase of this nature),” she wrote. “So, I would have to sign a document that would silence me forever before I could even have a chance to bid on my own work.”
Swift also says that she got a letter from a private equity company called Shamrock Holdings In that letter, it appears that Braun sold the Swift masters were sold for an undisclosed sum of money.
“This was the second time my music had been sold without my knowledge. The letter told me that they wanted to reach out before the sale to let me know, but that Scooter Braun had required that they make no contact with me or my team, or the deal would be off,” Swift wrote.
According to Swift, Braun will still be profiting from Swift’s music even with the sale being done. “under their terms Scooter Brian will continue to profit off my old musical catalog for many years.” She added, “I was hopeful and open to the possibility of a partnership with Shamrock, but Scooter’s participation is a non-starter for me.”
According to the New York Post, Swift can now rerecord her music to take control back in her career. Swift did mention last year that she wanted to to rerecord her songs.
“It has already proven to be both exciting and creatively fulfilling,” she wrote, adding she has “plenty of surprises in store.”