![]() And in the latest saga between Taylor Swift and Scooter Braun, Big Machine Label founder Scott Borchetta is sharing his. According to anonymous sources quoted by The Wall Street Journal, the deal is valued at more than 300 million. ![]() In June 2019, American singer-songwriter Taylor Swift came in dispute with her former record label, Big Machine Records, its founder. Swift left Big Machine and signed with Universal Music Group in November because she says she knew that re-signing with the group that had managed her since she was 15 would only result in her not owning her future work. As the saying goes, there are three sides to every story. Taylor Swift (pictured in 2006) signed her record deal with Big Machine Records in 2005 at age 15, giving the ownership of the masters of her first six studio albums to the label. Recently, some reports indicate that Braun's biggest clients, such as Demi Lovato, Ariana Grande, and Justin. Swift says she learned of the sale Sunday. Millionaire music manager Scooter Braun has a net worth of 500 million. "This is my worst case scenario," Swift writes.īraun's Ithaca Holdings announced Sunday that it is acquiring Big Machine Label Group which released all of Swift's studio albums and owns her masters. ![]() In a scathing Tumblr post Sunday, the pop superstar writes she is sad and grossed out that her music catalog now belongs to Braun whom she accuses of subjecting her to years of incessant and manipulative bullying, referencing clashes with Kim Kardashian and Kanye West. All of the Borchetta labels are included in the pending acquisition: Big Machine Records, the Valory Music Co., BMLG Records and Big Machine/John Varvatos Records. LOS ANGELES - Taylor Swift is not staying silent over the sale of her masters to Scooter Braun. Taylor Swift kicked off her week with a rare political post on social media, and at the American Music Awards, she continued the conversation by encouraging fans to vote in the upcoming midterm elections.
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