Scooter sells Taylor's masters

[BUtterfield 8 41,556]

 

Some 17 months after Scooter Braun’s Ithaca Holdings LLC acquired Big Machine Label Group and all of its recorded music assets, sources tell Variety the veteran manager and entrepreneur has sold the master rights to Taylor Swift’s first six albums. The buyer, an investment fund, is as yet unknown but the deal is believed to be north of $300 million and closed in the last two weeks.

Ithaca purchased the Nashville-based independent record label Big Machine, founded by Scott Borchetta in 2005, in June 2019 for just over $300 million. The acquisition encompassed all aspects of BMLG’s business, including its client roster, distribution deals, publishing and owned artist masters. Swift signed with BMLG at the beginning of her career. Her contract with the label expired in fall 2018, after which she signed a deal for future recordings with Universal Music Group.

Swift is free to re-record  songs from her first five BMLG-issued albums as of this month. While most contemporary recording contracts have provisions prohibiting the artist from recutting material for a period of years, Swift likely had favorable terms in her contract that would make her songs eligible for re-recording at a certain point after the end of each album cycle, not the end of her overall contract.

In Aug. 2019, she declared publicly that it was her intent to do. What does that mean for the assets sold by Braun? Master recordings earn revenue through multiple avenues, including streaming and consumption, sampling, public broadcast, use in television, film and commercials. They’ve also become a hot property on Wall Street as funds like Merck Mercuriadis’ Hipgnosis Songs have snapped up catalogs from the likes of Timbaland and Eurythmics’ Dave Stewart to Jack Antonoff and Jeff Bhasker. Between March 2019 and March 2020, the company spent nearly $700 million to acquire 42 catalogs.

Publishing assets are currently running at multiples well over 12, with master rights slightly lower but increasing in value. Says one insider privy to such deals: “In five to 10 years, it might be 20x — the value continues to rise.” While this investor advises against selling IP right now for this very reason, others are eyeing an incoming Biden administration as reason to divest of such property anticipating “a major change” to capital gains taxes come 2021.

What’s the advantage of Swift re-recording her catalog? Snatching income from the buyer by making sure that her new versions, and not the ones previously owned by her former label, are the ones played by fans and used in any number of commercial ventures, such as advertisements, TV shows, movies, games and other uses. The company buying master rights would still need clearance from a song’s publisher in order to license it for commercial sync use going forward.

As for Big Machine, the label remains in the hands of Braun and Borchetta

Source

 

[Spock 20,290]

Some 17 months after Scooter Braun’s Ithaca Holdings LLC acquired Big Machine Label Group and all of its recorded music assets, sources tell Variety the veteran manager and entrepreneur has sold the master rights to Taylor Swift’s first six albums. The buyer, an investment fund, is as yet unknown but the deal is believed to be north of $300 million and closed in the last two weeks.

...

Swift is free to re-record  songs from her first five BMLG-issued albums as of this month. While most contemporary recording contracts have provisions prohibiting the artist from recutting material for a period of years, Swift likely had favorable terms in her contract that would make her songs eligible for re-recording at a certain point after the end of each album cycle, not the end of her overall contract.

https://variety.com/2020/music/news/scooter-braun-sells-taylor-swift-big-machine-masters-1234832080/

 

He's so disgusting  Taylor is going to make the sale worthless anyways

[Pop Music 20,540]

he truly is scum to me bc of this **** he has done with Taylors masters, and this is disgusting that once again he sells it to anyone that isn't her knowing full well she is willing to pay for them and wants to hurt her and profit from work he once again had nothing to do with the creation of 

I am so ready for these re recorded albums to come out and for her to once again take back what is rightfully hers in her own way!

Spoiler

my best hope is like others say he could have sold them back to her but idk

 

[shoful 13,304]

Wow I wonder what she’s gonna do now. I hope she still rerecords songs

[highlikegaga 9,111]

plot twist: he sold them to her

[pussycat 3,514]

Who could the unknown person be? Is it like an investment? Maybe they're on Taylors side and will just give the masters to her lol

[Teletubby 151,704]

2 minutes ago, pussycat said:

Who could the unknown person be? Is it like an investment? Maybe they're on Taylors side and will just give the masters to her lol

maybe this man 


or Kanye 

 

[xoxo Craig 55,649]

Can Taylor get them back? 

[27monster27 13,712]

I hate Twitter. 

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OT: Scooter is such a horrible money hungry person. He think that he is better than everyone else, and he wants to much money when he already has so many artists that he manages? Also, we still haven't forgotten that he indirectly funds genocide in Yemen. Why that never went viral really bothers me.

[pussycat 3,514]

12 minutes ago, Pop Music said:

he truly is scum to me bc of this **** he has done with Taylors masters, and this is disgusting that once again he sells it to anyone that isn't her knowing full well she is willing to pay for them and wants to hurt her and profit from work he once again had nothing to do with the creation of 

I am so ready for these re recorded albums to come out and for her to once again take back what is rightfully hers in her own way!

  Hide contents

my best hope is like others say he could have sold them back to her but idk

 

Wait i didn't know he didn't want to sell to Taylor??? I thought she just didn't have enough money or something lol kinda dumb 

[Spock 20,290]

4 minutes ago, pussycat said:

Who could the unknown person be? Is it like an investment? Maybe they're on Taylors side and will just give the masters to her lol

The Variety article says he sold them to an investment fund 

[Pop Music 20,540]

Just now, pussycat said:

Wait i didn't know he didn't want to sell to Taylor??? I thought she just didn't have enough money lol i think i'm stupid 

she was never offered the opportunity, she has more than enough money to buy them back 

[27monster27 13,712]

 I just saw this:

 

[Lucas 27,444]

So he's selling them now that Taylor can re-record them and they will lose a looooot of value? That's a scam 

[pussycat 3,514]

3 minutes ago, Pop Music said:

she was never offered the opportunity, she has more than enough money to buy them back 

That's, as everyone is saying, disgusting. Poor Taylor damn. I'm going to become a swiftie and will stream her rerecorded things to filth