Scooter Braun sells Taylor Swift catalogue to Shamrock Holdings
Posted on: 17 novembre 2020, by : Stuart Dredge

When Scooter Braun’s Ithaca Holdings acquired Big Machine Label Group for around $300m in 2019, the deal included Taylor Swift’s back catalogue of recordings – something that made Swift furious given her ongoing disputes with Braun.
Nearly a year and a half on, Ithaca has sold those master rights to Swift’s first six albums on, in a deal that Variety suggested was “north of $350m” (and possibly as high as $450m after earn-backs).
It’s not a happy ending for Swift though: she tweeted out her take on the news last night, claiming that: a.) she balked at trying to buy the catalogue herself due to an “ironclad NDA stating I would never say another word about Scooter Braun unless it was positive”; b.) that the buyer is private equity company Shamrock Holdings (fresh from a recent $400m funding round for music acquisitions); and c.) that she did talk to Shamrock about working with the company, but “learned that under their terms Scooter Braun will continue to profit off my old musical catalog for many years” so declined.
The post Scooter Braun sells Taylor Swift catalogue to Shamrock Holdings appeared first on Music Ally.
Source: Music ally

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