Scooter Braun has sold Taylor Swift's master tracks.
Taylor Swift
The music manager used his Ithaca Holdings LLC to acquire Big Machine Label Group earlier this year including the 'Shake It Off' singer' masters, but he has now reportedly moved the tracks on.
Variety reports that Scooter - who famously fell out with Taylor over the purchases - sold the master rights to Taylor Swift’s first six albums, with the price believed to be around $300 million.
In April this year, Taylor had hit out at Big Machine Records after it was revealed they were releasing an album of live performances of her old songs.
The 'Lover' hitmaker fumed: "I want to thank my fans for making me aware that my former record label is putting out an ‘album' of live performances of mine tonight. This recording is from a 2008 radio show performance I did when I was 18. Big Machine has listed the date as a 2018 release but they're actually releasing it tonight at midnight. I'm always honest with you guys about this stuff so I just wanted to tell you that this release is not approved by me. It looks to like Scooter Braun and his financial backers, 23 Capital, Alex Soros and the Soros family and The Carlyle Group have seen the latest balance sheets and realised that paying $330 MILLION for my music wasn't exactly a wise choice and they need money."
Taylor claimed at the time of the initial purchase that she had never been given the opportunity to buy her own music herself, saying she was “denied” the chance to own her own recordings.
She said: "I spent 10 years of my life trying rigorously to purchase my masters outright and was then denied that opportunity, and I just don't want that to happen to another artist if I can help it. I want to at least raise my hand and say, 'This is something that an artist should be able to earn back over the course of their deal - not as a renegotiation ploy - and something that artists should maybe have the first right of refusal to buy.’ God, I would have paid so much for them! Anything to own my work that was an actual sale option, but it wasn't given to me."
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