Taylor Swift Fails To Buy Back Her Masters - Noise11.com
Taylor Swift photo by Ros O'Gorman

Taylor Swift photo by Ros O'Gorman

Taylor Swift Fails To Buy Back Her Masters

by Music-News.com on November 18, 2020

in News

Taylor Swift missed out on the chance to purchase the rights to her master recordings because she refused to sign a non-disclosure agreement with the new boss of her old record label.

Music mogul Scooter Braun has sold off Swift’s back catalogue, as part of a new deal with bosses at an investment group, for a reported $300 million (£227 million). Now Swift has admitted she tried to buy back the recordings from her first six albums.

“So, I would have to sign a document that would silence me forever before I could even have a chance to bid on my own work,” she explained in a new letter to fans.

“My legal team said that this is absolutely NOT normal, and they’ve never seen an NDA like this presented unless it was to silence an assault accuser by paying them off,” she went on, adding: “He (Braun) would never even quote my team a price. These master recordings were not for sale to me.”

Taylor claimed she didn’t even know about the sale until officials at a private equity company contacted her and suggested a partnership.

“A few weeks ago my team received a letter from a private equity company, called Shamrock Holdings, letting us know that they had bought 100% of my music, videos, and album art from Scooter Braun,” Swift disclosed, noting: “This was the second time my music had been sold without my knowledge.”

She continued: “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 my team, or the deal would be off… I learned that under their terms Scooter Braun will continue to profit off my old musical catalog for many years.”

Swift also shared she has begun “re-recording my older music”, so she can claim back the rights, adding: “It has already proven to be both exciting and creatively fulfilling”.

music-news.com

Noise11.com

Follow Noise11 on Social Media

NEW: Noise11 on YouTube SUBSCRIBE

Noise11 on Instagram

You’ll discover music news first following Noise11 on Twitter

Comment on the news of the day, join Noise11 on Facebook

Comments

comments

Related Posts

Coldplay perform at Etihad Stadium in Melbourne on Friday 9 December 2016. Photo by Ros O'Gorman
Coldplay Have A Red Nose Day Show On The Way

Coldplay will play a live-streamed concert on TikTok Monday May 24th to support Red Nose Day, the annual campaign to end child poverty. Just three days ahead of Red Nose Day 2021, Coldplay will give an intimate, four-song performance live from London at 11 am PST/ 2 pm EST/ 7pm BST. This is an exclusive performance to benefit Red Nose Day, marking Coldplay's first-ever live concert on TikTok.

5 hours ago
Martha Wainwright
Martha Wainwright To Release First Album In Five Years

Martha Wainwright will release her first album in five years soon. ‘Love Will Be Reborn’ is coming in August.

1 day ago
Miley Cyrus Bangerz Tour. Photo by Ros O'Gorman
Miley Cyrus Lands a Talent Deal at NBC

Miley Cyrus has scored a huge new talent and development deal with bosses at NBCUniversal Television and Streaming.

2 days ago
Parkway Drive
Parkway Drive Cancel Viva The Underdogs Tour

Parkway Drive have cancelled their upcoming Viva The Underdogs tour citing uncertainty with performances in venues of that nature with Covid restrictions still in place.

4 days ago
Rihanna photo by Ros O'Gorman
Rihanna Is Making A Comeback

Rihanna's music comeback is edging closer after she lined up a music video shoot.

5 days ago
Neil Finn of Crowded House photo by Ros O'Gorman
Check Out The New Crowded House Video for ‘Playing With Fire’

Here is another new Crowded House song. ‘Playing With Fire’ is from the upcoming Crowded House album ‘Dreamers Are Waiting’.

5 days ago
Pink: Photo Ros O'Gorman
Watch Pink’s All I Know So Far Trailer

Pink has a documentary ‘All I Know So Far’ all set to stream and a new song to go along with it.

6 days ago