Taylor Swift's "worst case scenario," she wrote on Tumblr on June 30, 2019, came true when Scooter Braun's Ithaca Holdings acquired the music … Scooter Braun and his media holding company Ithaca Holdings LLC sold the master rights to Taylor Swift’s first six albums, Variety reports and Swift confirmed. In a lengthy public statement, the singer said that the acquisition was the "worst-case scenario" and accused Scooter of "bullying." According to Taylor, the company sold the rights to her masters to Scooter's company, Ithaca Holdings, in 2019 without her consent. In June 2019, Braun’s company Ithaca Holdings purchased Swift’s former record label, Big Machine. A quick catch-up: In 2019, Scott Borchetta, the President and CEO of Big Machine Record Group and Swift’s former manager, sold the label to Scooter Braun’s company Ithaca Holdings LLC, which included Big Machine’s client roster, distribution deals, publishing sides and owned artist masters, which includes Swift’s master recordings from her self-titled debut to 2017’s reputation. LOS ANGELES, June 30, 2019 /PRNewswire/ -- Ithaca Holdings LLC., a media holding company led by SB Projects founder Scooter Braun, and Big Machine Label Group, a … Scott Borchetta and Scooter Braun cut a secret deal for Taylor Swift’s back catalogue last year (Picture: Kevin Mazur/Getty Images for Ithaca Holdings) Scooter Braun’s Ithaca Holdings purchased Swift’s Big Machine recordings in June 2019, before selling them in November last year for more than $300million USD (£217million GBP). To catch you up, Swift’s record label Big Machine, which owns the rights to all 6 of her hugely successful albums, was acquired about 18 months ago by Scooter Braun’s Ithaca Holdings. Scott started the record label in 2005 and is … There is some chatter that Karlie Kloss and Taylor Swift might have had an argument or some kind of trouble in their friendship, but there's definitely no evidence that is the case. With it … This effectively means that Braun and Ithaca acquired Big Machine Label Group – and everything that wasn’t a Taylor Swift record at that company – for a negligible fee. The acquisition was financed by the Carlyle Group and several other private equity firms. That’s because Ithaca acquired all of Big Machine (including those six Taylor Swift masters) for a sum believed to amount to $330m in June 2019. — Taylor Swift (@taylorswift13) November 14, 2019 That is, until November 14, when Swift revealed what’s allegedly been going on behind the scenes, and got a swift rebuttal from BMLG. Taylor Swift renewed her criticism of private equity, calling out the Carlyle Group and the Soros family for helping her nemesis Scooter Braun purchase the rights to her old music. With it came the master recordings of her first six albums. Taylor Swift has confirmed that her Big Machine-released master rights catalogue has been sold for a second time. Ithaca purchased the Nashville-based independent record label Big Machine, founded by Scott Borchetta in 2005, in June 2019 for just over $300 million, of which Swift… He is best known for founding the music label Big Machine Records and for discovering Taylor Swift. Scooter Braun, manager of Justin Bieber and Ariana Grande, acquired Taylor Swift’s old record label, Big Machine, gaining the megastar’s back catalog and provoking her ire. The following year, Ithaca/Big Machine sold the recorded music rights to Taylor Swift’s first six albums to another financial player, Shamrock Capital, for around $300 million. Braun’s Ithaca Holdings acquired Big Machine Records – the label Taylor Swift released all of her albums on up until 2019 – for $300 million, effectively meaning that the rights to all of Swift’s music were under his control. As part of the acquisition, ownership of the masters to Swift's first six studio albums transferred to Braun. In December 2019 Swift confirmed that she was … Big Machine Records is the former home of Taylor Swift. Last year, Braun’s Ithaca Holdings bought Nashville record company Big Machine, which held all of Swift’s past masters, for $400 million. Taylor Swift (pictured in 2010) ... (reportedly for $300 million) by talent manager and businessman Scooter Braun and his company Ithaca Holdings. When Ithaca Holdings purchased Big Machine Label Group in 2019, it included its client roster, distribution deal, publishing, and owned artist rights. Ithaca Holdings LLC., a media holding company led by SB Projects founder Scooter Braun, has acquired Big Machine Label Group, the independent record label … The news crushed her hopes of regaining control of her music after Ithaca Holdings, owned by entrepreneur Scooter Braun, who purchased her masters from record label Big Machine earlier that year. Scooter Braun's Ithaca Holdings has sold the master rights to Taylor Swift's first six albums. Back in June, Taylor expressed devastation after her former record label boss, Scott Borchetta, sold her record label — and master recordings — to Scooter Braun's company, Ithaca Holdings… Monday afternoon, Variety reported that Scooter Braun‘s Ithaca Holdings sold the rights to Taylor Swift‘s first six albums recorded under her former label home, Big Machine (which Ithaca Holdings acquired last year) to an undisclosed investment firm, which paid approximately $300 million for the rights to the master recordings. Should Ithaca’s acquisition of the Big Machine Label Group (and those six Taylor Swift albums) successfully close, it will be the biggest recorded … In November 2020, Swift confirmed her music catalogue was sold to a private equity fund for $300 million without her knowledge or consent. Back in 2019, Scooter Braun and Scott Borchetta both attracted media attention after Ithaca Holdings acquired Big Machine Records, in turn acquiring the masters of Taylor Swift’s six studio albums—something Swift herself had been trying to do for years. Swift announced last year that she planned to re-record her masters for commercial exploitation – something she was believed to be contractually free to do from November 2020) onwards – after Scooter Braun’s Ithaca Holdings acquired all of Big Machine (and its Taylor Swift masters) for a sum believed to amount to $330m in June 2019.. Back in 2019, Scooter Braun and Scott Borchetta both attracted media attention after Ithaca Holdings acquired Big Machine Records, in turn acquiring the masters of Taylor Swift’s six studio albums—something Swift herself had been trying to do for years. Taylor Swift has responded after Scooter Braun and his media holding company, Ithaca Holdings LLC, sold the master rights to her first six albums.. Ithaca … Ithaca Holdings acquired Big Machine Label Group for a figure believed to be in the region of $330 million in 2019. Following an early Sunday morning announcement that Scooter Braun’s Ithaca Holdings had acquired Scott Borchetta’s Big Machine Records for a reported $300 million, Taylor Swift … Big Machine Records is the former home of Taylor Swift.
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