Taylor Swift has efficiently acquired the grasp recordings of her first six studio albums from funding agency Shamrock Capital.
The deal brings to a detailed one of many music business’s most high-profile possession disputes.
Swift confirmed the information on Friday (Might 30) in a handwritten letter to her followers.
The transaction entails the grasp rights to Swift’s albums Taylor Swift, Fearless, Converse Now, Crimson, 1989, and Status – recordings which were on the middle of a six-year battle over artist possession rights.
The deal represents a exceptional full-circle second for Swift. The masters sale saga began when Scooter Braun’s Ithaca Holdings acquired Massive Machine Label Group (together with these six Taylor Swift masters) in 2019.
Ithaca Holdings then bought the grasp rights to Taylor Swift’s first six studio albums to Shamrock in 2020.
In a press release issued right now, Scooter Braun mentioned: “I’m comfortable for her.”
Swift’s response to the sale of her masters was unprecedented within the music business.
She launched into an bold re-recording mission, creating new “Taylor’s Variations” of her basic albums that she would absolutely personal.
Swift has efficiently re-recorded 4 of the six disputed albums: Fearless (Taylor’s Model), Crimson (Taylor’s Model), Converse Now (Taylor’s Model), and 1989 (Taylor’s Model). Solely Status and her self-titled debut album stay unreleased as re-recordings.
In her letter to followers on Friday, Swift referred to as the cope with Shamrock her “best dream come true”.
Added Swift: “To my followers, you understand how necessary this has been to me – a lot in order that I meticulously re-recorded and launched 4 of my albums, calling them Taylor’s Model.”
Monetary particulars of the buyback haven’t been disclosed. Selection stories that it was a “nine-figure sum”.
Web page Six recommended earlier this month that the deal could possibly be valued between $600 million and $1 billion.
This might symbolize a big enhance from the $405 million that Shamrock Capital paid Ithaca Holdings for the masters in November 2020.
Swift was the most important revenue-generating recording artist globally in 2024 in response to IFPI information. Her current Eras Tour turned the highest-grossing live performance tour in historical past.
“All I’ve ever wished was the chance to work exhausting sufficient to have the ability to sooner or later buy my music outright with no strings hooked up, no partnership, with full autonomy. I might be endlessly grateful to everybody at Shamrock Capital for being the primary individuals to ever provide this to me.”
Taylor Swift
In her letter to followers on Friday, Swift mentioned: “All I’ve ever wished was the chance to work exhausting sufficient to have the ability to sooner or later buy my music outright with no strings hooked up, no partnership, with full autonomy.
“I might be endlessly grateful to everybody at Shamrock Capital for being the primary individuals to ever provide this to me. The way in which they’ve dealt with each interplay we’ve had has been trustworthy, truthful, and respectful.
“This was a enterprise deal to them, however I actually felt like they noticed it for what it was to me: My recollections and my sweat and my handwriting and my a long time of desires. I’m endlessly grateful. My first tattoo would possibly simply be an enormous shamrock in the midst of my brow.”
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