Scooter Braun Has Sold Taylor Swift's Masters
In a deal worth more than $300 million...
*Scooter Braun* has sold *Taylor Swift's* masters for more than $300 million, it is being reported.
Taylor Swift's initial recording contract with Big Machine included a clause which took away the rights to her first six albums, something she now contests.
Scooter Braun swooped to *purchase the rights last year*, prompting a furious response from the multi award-winning songwriter.
Now it seems the music mogul has sold on the rights. According to *Variety*, Scooter closed a deal worth in excess of $300 million with a finance firm on Wall Street for the masters.
Taylor Swift is free to re-record her albums - if she does this, the new recordings could become de facto editions of the material, scooping all streaming and sync monies.
In a statement, however, the singer described her pain at the continuing saga, and alleged that Scooter Braun's had attempted to make her sign an NDA.
Find the statement in full below.
Been getting a lot of questions about the recent sale of my old masters. I hope this clears things up. pic.twitter.com/sscKXp2ibD
— Taylor Swift (@taylorswift13) November 16, 2020
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