New York: Pop Singer Taylor Swift said 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.
A year-and-a-half after a very public art-versus-commerce fight between multiplatinum artist Taylor Swift and music mogul Scooter Braun made headlines, Braun’s Ithaca Holdings has sold the master rights to Swift’s first six studio albums.
Swift, a 10-time Grammy winner, posted to social media 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 per cent of my music, videos and album art from Scooter Braun”.
Swift also said she had begun re-recording her early songs and it had “proven to be exciting and fulfilling”.
She also indicated in a letter to Shamrock Holdings that she understood the re-recordings would diminish the value of the music rights they were buying.
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
Last year, Swift accused Braun of convincing two clients, including pop star Justin Bieber, to bully her online about a leaked and illegally recorded snippet of a phone call she had with reality TV star Kim Kardashian.
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