Taylor Swift Master Tapes Sold by Scooter Braun

Taylor Swift confirmed a report that music mogul Scooter Braun has sold the rights to her first six albums.

US entertainment magazine Variety first reported that Braun had sold the rights – known as masters – to an investment fund. It said the deal is thought to be worth more than 300 million dollars.

On Twitter, Swift said it was “the second time my music had been sold without my knowledge.”

It is the latest development in the dispute between Swift and Braun. Swift has previously accused Braun of trying to “dismantle” her musical legacy.

Swift signed a deal with record label Big Machine in 2004 granting them ownership of the master recordings to her first six albums in exchange for a cash advance to kick-start her career.

In the music industry, ownership of masters means you control what can be done with a song or album, such as whether it is used in an advert or on a streaming platform. Owners of popular songs can earn a huge amount of money.

Source: https://www.bbc.com/news/entertainment-arts-54969396

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