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 (Could 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 Fame – recordings which have been on the middle of a six-year battle over artist possession rights.
The deal represents a outstanding 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 offered the grasp rights to Taylor Swift’s first six studio albums to Shamrock in 2020.
In a press release issued right now, Scooter Braun stated: “I’m pleased for her.”
Swift’s response to the sale of her masters was unprecedented within the music business.
She launched into an formidable re-recording mission, creating new “Taylor’s Variations” of her basic albums that she would totally 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 Fame and her self-titled debut album stay unreleased as re-recordings.
In her letter to followers on Friday, Swift known as the cope with Shamrock her “best dream come true”.
Added Swift: “To my followers, you understand how vital 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 instructed earlier this month that the deal might be valued between $600 million and $1 billion.
This could signify a major enhance from the $405 million that Shamrock Capital paid Ithaca Holdings for the masters in November 2020.
Swift was the largest revenue-generating recording artist globally in 2024 in accordance with IFPI information. Her latest Eras Tour turned the highest-grossing live performance tour in historical past.
“All I’ve ever needed was the chance to work onerous sufficient to have the ability to in the future buy my music outright with no strings hooked up, no partnership, with full autonomy. I shall be eternally 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 stated: “All I’ve ever needed was the chance to work onerous sufficient to have the ability to in the future buy my music outright with no strings hooked up, no partnership, with full autonomy.
“I shall be eternally grateful to everybody at Shamrock Capital for being the primary individuals to ever provide this to me. The best way they’ve dealt with each interplay we’ve had has been trustworthy, honest, 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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