Taylor Swift has made no secret of the fact that she wasn’t happy that Scooter Braun owned her masters, but now she may have a new person to hate, because he doesn’t own them anymore.
According to a report in “Variety,” Braun’s Ithaca Holdings LLC has now sold the master recordings of Taylor’s six albums to a investment fund for more than $300 million. Billboard later reported that the new owners are Shamrock Holdings.
When the news hit, Taylor took to Twitter to explain why she didn’t purchase the masters back herself, noting Braun’s team said she needed to sign a non-discloser agreement before she cold “bid on (her) own work.” The agreement insisted she “would never say another word about Scooter Braun unless it was positive.” “My legal team said that this is absolutely not normal, and they’re never seen an NDA like this presented unless it was to silence an assault accuser by paying them off,” she writes. “He would never even quote my team a price. These master recordings were not for sale to me.” She later found out via a letter that Shamrock had bought them.
“This was the second time my music had been sold without my knowledge,” Tay note. “The letter told me 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.”
Taylor claims she was told that as part of the deal Scooter will still be able to profit off her, noting, “I was hopeful and open to the possibility of a partnership with Shamrock, but Scooter’s participation is a non-starter for me.” Taylor also confirmed that she’s already started re-recording her albums, adding, “it has already proven to be both exciting and creatively fulfilling.”
As we told you, Ithaca first gained ownership of Taylor’s masters back in June of 2019, when they purchased Tay’s old label, Big Machine. Taylor was livid, especially since she said Scooter was someone who had bullied her.