Taylor Swift says she is rerecording her old music after Scooter Braun sells her masters for $300 million
Swift wrote on social media that the master recordings of her first six albums were sold without her knowledge.
For the second time, Taylor Swift says her catalog of music has been sold without her knowledge.
But this time, Swift is responding to the news by rerecording her early albums in an attempt to regain control of her music, according to The Washington Post.
Swift has feuded with music executive Scooter Braun since he acquired the master recordings of her first six albums in June 2019 when he purchased her former record label, Big Machine Label Group. At the time, she called Braun owning the masters her “worst case scenario,” according to CNN.
But Swift responded on social media Monday, claiming she had also been attempting to buy her master recordings from Braun and that she didn’t know the deal had been made until Shamrock reached out about working with her.
“A few weeks ago my team received a letter from a private equity company called Shamrock Holdings, letting us know that they had bought 100% of my music, videos, and album art from Scooter Braun,” Swift wrote on Twitter.
“This was the second time my music had been sold without my knowledge. The letter told me that they had 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.”
Shamrock had wanted to partner with Swift, which the pop star said she was open to doing, until she learned that Braun would continue to profit off her music catalog under the terms of the deal, according to USA Today.
“Scooter’s participation is a non-starter for me,” Swift wrote.
A spokesperson for Shamrock told Axios that they “fully respect and support her decision.”
“While we hoped to formally partner, we also knew this was a possible outcome that we considered,” the spokesperson told Axios. “We appreciate Taylor’s open communication and professionalism with us these last few weeks. We hope to partner with her in new ways moving forward.”
Although Swift had wanted to purchase the master recordings from Braun, she wrote on Twitter that she would have been required to sign an “ironclad NDA” before being allowed to enter into negotiations for her music.
“So, I would have to sign a document that would silence me forever before I could even have a chance to bid on my own work,” wrote Swift.
Swift left Big Machine in 2018, and under her new record deal with Universal Music Group now owns the masters for all of her new work, according to Entertainment Weekly. This includes her most recently released album, “Folklore.”
However, since Nov. 1, Swift has been legally allowed to rerecord the music on her first five albums, according to People magazine. And Swift shared with fans that she has already gotten started.
“I have recently begun rerecording my older music and it has already proven to be both exciting and creatively fulfilling,” Swift wrote on Twitter. “I have plenty of surprises in store. I want to thank you guys for supporting me through this ongoing saga, and I can’t wait for you to hear what I’ve been dreaming up.”