Taylor Swift Calls Out Scooter Braun For Selling Her Masters For Over $300M
Taylor Swift has spoken in strong words against Scooter Braun's attempt to sell her Masters for the second time to an equity company without her knowledge.
Just about a year ago, Swift complained about the inability to use her songs at AMA Awards night because her Masters was owned by Scooter Braun's Ithaca Holdings, which bought over her record label Big Machine Label Group. The restriction was later lifted and she was allowed to use her songs at the award ceremony.
The Bad Blood singer is now back in the same situation as she revealed the same company has for the second time sold Masters of her first six albums to Shamrock Holdings for a staggering $300million - the same amount for which Scooter Bruan bought the singer's label in June last year.
Swift made this known in a lengthy statement she released on Twitter on Monday, alerting her fans of an attempt by Scooter to rid her of every access to her Masters by offering he an NDA and render her silenced "forever" despite making effort to "regain ownership" of all her songs.
"A few weeks ago my team received a letter from a private equity company called Shamrock Holdings, letting us know that had bought 100% of my music, videos, and album art from Scooter Braun," she wrote in the statement.
She added: "This was the second time my music has been sold without my 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 any team, or the deal would be off."
Swift also added that her legal team is aware of Scooter's dealing with equity company and how she has been "assaulted" repeatedly over her Masters and she maintained that her recordings are "not for sale" in any way.
Shamrock Holdings has responded to Swift's grievance over her intellectual property in a letter addressed to her - she also tweeted the letter - and commended her professional attitude in handling the matter. They promised to do business with the singer in a different way than they have with Scooter.
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