Taylor Swift’s Early Music Catalog Changes Hands Again

Source: WSJ:

Nov 17, 2020

Taylor Swift said she recently began rerecording her older work, adding “this is my only way of regaining the sense of pride I once had when hearing songs from my first six albums.” PHOTO: ISABEL INFANTES/PA WIRE/ZUMA PRESS

Investment firm snaps up master recordings of pop star’s first six albums for more than $300 million

Celebrity talent manager Scooter Braun sold Taylor Swift’s master recordings from her first six albums to Los Angeles-based investment firm Shamrock Capital Advisors LLC, marking a new flashpoint in the tussle between the pop superstar and her former label as the value of music soars in the streaming era.

The deal, which closed in the last two weeks, is valued at more than $300 million—about what Mr. Braun’s Ithaca Holdings LLC paid for the entirety of Ms. Swift’s former label, Big Machine Label Group LLC, a year and a half...

TO READ THE FULL STORY