After a few years, Taylor Swift has bought the masters for her first six albums, nevertheless it price her a fairly penny.
On Friday (Might 30), the singer introduced she had bought the masters for her first six albums, together with her self-titled debut and Fame, by way of a submit to social media.
“I have been bursting into tears of pleasure at random intervals ever since I discovered that that is actually occurring. I actually get to say these phrases: The entire music I’ve ever made… now belongs… to me. And all my music movies. All of the live performance movies. The album artwork and pictures. The unreleased songs. The recollections. The magic. The insanity. Each single period. My total life’s work,” Swift wrote in an open letter to followers on her web site.
She additionally thanked her staff for his or her effort.
“Due to you and your goodwill, teamwork and encouragement, one of the best issues which have ever been mine… lastly really are,” she continued.
Now that Swift has her masters again, this is the whole lot we all know concerning the landmark music sale.
How A lot Did Taylor Swift’s Masters Value?
In response to Billboard, Taylor Swift bought the masters for her first six albums for round $360 million.
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One other report from The Financial Occasions additionally corrorborates that the acquisition exceeded $300 million, which is a whopping amount of cash for the common particular person, however a drop within the bucket for the pop billionaire.
Who Did Taylor Swift Purchase Her Music Masters From?
Taylor Swift bought her masters from Shamrock Capital, an funding first that bought the rights to her albums from Scooter Braun’s Ithaca Holdings in late 2020.
Braun bought Swift’s masters from Large Machine Information in 2019.
Why Did Shamrock Capital Have Taylor Swift’s Masters?
Shamrock Capital acquired Swift’s masters after Braun’s Ithaca Holdings offered them to the corporate for $405 million in 2020.
The singer wasn’t knowledgeable of the sale beforehand and he or she later rejected an fairness partnership with Shamrock as a result of Braun would proceed to revenue from her music underneath the phrases of the deal.
As a substitute, Swift determined to re-record her previous albums and has since launched re-recorded variations of Converse Now, Purple, 1989 and Fearless.
Look again at nostalgic pictures of a younger Taylor Swift in the beginning of her profession within the mid-to-late 2000s.