Supersonic 49,376 Posted June 30, 2019 Share Posted June 30, 2019 Celebrity talent manager Scooter Braun reached a deal to acquire Big Machine Label Group LLC, creating a mini-conglomerate with an array of businesses to help it compete in the streaming-entertainment age. The price was more than $300 million, according to people familiar with the matter. In acquiring Big Machine, Mr. Braun’s closely held Ithaca Holdings LLC will gain a roster of country and pop artists, plus the six albums Taylor Swift has released to date. That is on top of Mr. Braun’s existing interests, which include his Schoolboy Records label, a music publishing company and management clients such as Justin Bieber, Ariana Grande, Zac Brown Band and J. Balvin. https://www.wsj.com/articles/scooter-braun-makes-300-million-deal-for-big-machine-records-11561893008?mod=e2tw Link to post Share on other sites More sharing options...
ImMatt 1,736 Posted June 30, 2019 Share Posted June 30, 2019 Question is, why didn't she buy them herself from her old label? That's something that Paul McCartney said he regrets about The Beatles is that they didn't own their own music. Either way, I wonder if Scooter is trying to edge closer to being her manager?? Edit, ignore me. I found this: "On November 19, 2018, after her contract with Big Machine expired, Taylor Swift signed with Republic Records, under a deal in which she would maintain ownership of her masters." Link to post Share on other sites More sharing options...
Ryusei 61,025 Posted June 30, 2019 Share Posted June 30, 2019 I mean it's not like Taylor was the only artist in big machine... https://www.bigmachinelabelgroup.com/artists But yeah have fun with them... I still can't believe how greedy the music industry is sometimes when it comes to stuff like this. Taylor is doing most of the work on every one of her albums so she should be the owner. Musery Link to post Share on other sites More sharing options...
Ryusei 61,025 Posted June 30, 2019 Share Posted June 30, 2019 1 minute ago, ImMatt said: Question is, why didn't she buy them herself from her old label? That's something that Paul McCartney said he regrets about The Beatles is that they didn't own their own music. Either way, I wonder if Scooter is trying to edge closer to being her manager?? Why would she use almost her entire net worth to do that? Surely not worth it. Musery Link to post Share on other sites More sharing options...
MrDaniel 14,666 Posted June 30, 2019 Share Posted June 30, 2019 Oh Well Link to post Share on other sites More sharing options...
Hades 27,980 Posted June 30, 2019 Share Posted June 30, 2019 Scooter is the male version of Kris Jenner. Shameless businessman. Link to post Share on other sites More sharing options...
ImMatt 1,736 Posted June 30, 2019 Share Posted June 30, 2019 3 minutes ago, Ryusei said: Why would she use almost her entire net worth to do that? Surely not worth it. She must be worth more than $300m surely?? Also, by owning your masters you have complete creative control over where it's used, how things are released and the channels they're put on. Taylor's old enough and smart enough now to decide herself that kind of thing so it doesn't make sense having a business making those decisions for her and maybe without her even having a say Link to post Share on other sites More sharing options...
monketsharona 76,934 Posted June 30, 2019 Share Posted June 30, 2019 That guy is like Disney, he buys everything Link to post Share on other sites More sharing options...
ANTI WP 19,815 Posted June 30, 2019 Share Posted June 30, 2019 Omg the title is copy paste from ATRL Link to post Share on other sites More sharing options...
MaryJaneHolland 77,348 Posted June 30, 2019 Share Posted June 30, 2019 10 minutes ago, ImMatt said: She must be worth more than $300m surely?? She has an estimated net worth of $320 million as of 2018. Link to post Share on other sites More sharing options...
Supersonic 49,376 Posted June 30, 2019 Author Share Posted June 30, 2019 25 minutes ago, ImMatt said: Question is, why didn't she buy them herself from her old label? That's something that Paul McCartney said he regrets about The Beatles is that they didn't own their own music. I mean... the other party must be willing to sell too. Link to post Share on other sites More sharing options...
ImMatt 1,736 Posted June 30, 2019 Share Posted June 30, 2019 9 minutes ago, Supersonic said: I mean... the other party must be willing to sell too. See my edit...she does own them herself now under her new deal Link to post Share on other sites More sharing options...
ImMatt 1,736 Posted June 30, 2019 Share Posted June 30, 2019 21 minutes ago, MaryJaneHolland said: She has an estimated net worth of $320 million as of 2018. Yeah but online it says Scooter Braun has a net worth of $50m.... Link to post Share on other sites More sharing options...
sipthistea 21,099 Posted June 30, 2019 Share Posted June 30, 2019 But what does it mean? That he can do whatever he wants with her music or what? Link to post Share on other sites More sharing options...
Supersonic 49,376 Posted June 30, 2019 Author Share Posted June 30, 2019 12 minutes ago, sipthistea said: But what does it mean? That he can do whatever he wants with her music or what? Exactly. He can do whatever he wants with each and every one of Taylor's albums that were released under Big Machine (So all of her albums so far) Link to post Share on other sites More sharing options...
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