The 30-year-old singer is firing back about reports that music executive Scooter Braun sold the master recordings of her first six albums in what could be a $300 million-plus deal.
Braun’s Ithaca Holdings LLC sold the master rights to the albums, Variety reported, to an investment fund just 17 months after scooping up the Nashville-based Big Machine Label Group (BMLG), a move that included Swift’s early catalog masters.
The “Shake It Off” singer posted a message on Twitter that she hopes “clears things up” regarding the ongoing saga involving ownership of her early works.
Swift wrote that “a few weeks ago” her reps were sent a letter by Shamrock Holdings, a private equity company, “letting us know that they had bought 100% of my music, videos, and album art from Scooter Braun. 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.”