Scooter Braun has sold Taylor Swift‘s master recordings to a private equity firm.
The music executive, who acquired Big Machine Music Group last year, sold the master rights to Swift’s first six albums to Shamrock Holdings, according to the singer.
Variety reports that Braun’s Ithaca Holdings made the sale to an “investment fund” for more than $300 million.
After the sale was announced on Monday, Swift posted a statement on Twitter saying she was denied a chance to buy her masters back.
“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,” Swift wrote. “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. He would never even quote my team a price. These master recordings were not for sale to me.”
Swift said she received a letter from Shamrock, informing her they had purchased exclusive rights to her music.
“This was the second time my music had been sold without my knowledge,” she added. “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.”
(Photo: Beth Garrabrant)
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