Taylor Swift has efficiently acquired the grasp recordings of her first six studio albums from funding agency Shamrock Capital.
The deal brings to an in depth one of many music trade’s most high-profile possession disputes.
Swift confirmed the information on Friday (Could 30) in a handwritten letter to her followers.
The transaction entails the grasp rights to Swift’s albums Taylor Swift, Fearless, Communicate Now, Crimson, 1989, and Repute – recordings which have been on the heart of a six-year battle over artist possession rights.
The deal represents a outstanding full-circle second for Swift. The masters sale saga began when Scooter Braun’s Ithaca Holdings acquired Large Machine Label Group (together with these six Taylor Swift masters) in 2019.
Ithaca Holdings then bought the grasp rights to Taylor Swift’s first six studio albums to Shamrock in 2020.
In an announcement issued at present, Scooter Braun mentioned: “I’m blissful for her.”
Swift’s response to the sale of her masters was unprecedented within the music trade.
She launched into an bold re-recording undertaking, creating new “Taylor’s Variations” of her basic albums that she would absolutely personal.
Swift has efficiently re-recorded 4 of the six disputed albums: Fearless (Taylor’s Model), Crimson (Taylor’s Model), Communicate Now (Taylor’s Model), and 1989 (Taylor’s Model). Solely Repute and her self-titled debut album stay unreleased as re-recordings.
In her letter to followers on Friday, Swift known as the cope with Shamrock her “biggest dream come true”.
Added Swift: “To my followers, you know the way essential this has been to me – a lot in order that I meticulously re-recorded and launched 4 of my albums, calling them Taylor’s Model.”
Monetary particulars of the buyback haven’t been disclosed. Selection studies that it was a “nine-figure sum”.
Web page Six urged earlier this month that the deal could possibly be valued between $600 million and $1 billion.
This may characterize a big enhance from the $405 million that Shamrock Capital paid Ithaca Holdings for the masters in November 2020.
Swift was the largest revenue-generating recording artist globally in 2024 in keeping with IFPI knowledge. Her latest Eras Tour grew to become the highest-grossing live performance tour in historical past.
“All I’ve ever wished was the chance to work onerous sufficient to have the ability to at some point buy my music outright with no strings connected, no partnership, with full autonomy. I shall be eternally grateful to everybody at Shamrock Capital for being the primary individuals to ever supply this to me.”
Taylor Swift
In her letter to followers on Friday, Swift mentioned: “All I’ve ever wished was the chance to work onerous sufficient to have the ability to at some point buy my music outright with no strings connected, no partnership, with full autonomy.
“I shall be eternally grateful to everybody at Shamrock Capital for being the primary individuals to ever supply this to me. The way in which they’ve dealt with each interplay we’ve had has been trustworthy, honest, and respectful.
“This was a enterprise deal to them, however I actually felt like they noticed it for what it was to me: My reminiscences and my sweat and my handwriting and my a long time of desires. I’m endlessly grateful. My first tattoo would possibly simply be an enormous shamrock in the course of my brow.”
Music Enterprise Worldwide
