Scooter Braun has reportedly sold Taylor Swift’s Big Machine masters in a deal believed to be worth more than $300 million.
According to Variety, the music manager and entrepreneur has sold the master rights to Swift’s first six albums. The buyer is said to be an as yet unknown investment fund who closed the deal sometime in the last two weeks.
Swift has since responded to the news, sharing a post on Twitter with the caption: “Been getting a lot of questions about the recent sale of my old masters. I hope this clears things up.”
Swift said her masters were sold to a private equity company called Shamrock Holdings, and that she’d been contacted by them and was informed that her music was sold to them without her knowledge.
“The letter told me that they wanted to reach out before the sale to let me know, but that Scooter Braun had required that they make no contact with me or my team, or the deal would be off,” she wrote.
The letter claimed that Braun will continue to profit from her catalogue “for many years,” so while she was hopeful about partnering with Shamrock, Swift said that “Scooter’s participation is a non-starter for me.”
A sad turn of events for the Pop star who has been battling against Braun for years. Yet this situation teaches an important lesson to artists and reaffirms the need for smart contracts and even smarter musicians.
Justin Bieber has confirmed that he’ll release his new single ‘Holy’ this Friday, marking the first new music from the singer since his fifth album Changes arrived earlier this year.
Posting on Twitter, Bieber wrote “FOUR DAYS”, alongside a link to a website titled http://jbsoon.com.
When fans click through to the site, the track title appears in large white lettering, set against a background photo of barren farmland.
Bieber also shared a photo from the song’s video shoot, which sees him wearing dungarees and covered in mud while sitting next to director Colin Tilley – who most recently directed the video for Cardi B and Megan Thee Stallion‘s ‘WAP’.
Commenting on the photo, Bieber’s manager Scooter Braun wrote: “New era. Friday.” You can see the post below.
The estate of late singer Aaliyah have commenced discussions that will likely see her full discography appear on streaming services for the first time.
In a statement posted to social media, her estate said: “To our loyal fans: We are excited to announce that communication has commenced between the estate and various record labels about the status of Aaliyah’s music catalogue, as well as its availability on streaming platforms in the near future.”
The news marks the 19th anniversary of Aaliyah’s death. The singer died in an air crash on August 25 2001, aged just 22.
Aaliyah recorded three albums between 1994 and 2001, finding her greatest success with her final self-titled LP in July 2001. Her most successful single ‘Try Again’, which featured on the soundtrack to the 2000 thriller Romeo Must Die, was her first and only US number one.
Her music has been largely absent from all streaming services over the last decade. A 2005 greatest hits compilation ‘Ultmate’ appeared on Apple Music and iTunes in early 2017, while only a handful of early EPs and her debut album ‘Age Ain’t Nothin’ But A Number’ are currently available on Spotify.
Aaliyah’s death was a tragedy to the industry, the young R&B star had already made huge moves in music and was tipped for big time success. Many fans will be eagerly waiting for her discography to hit streaming platforms.