A year and a half ago, SCOOTER BRAUN bought Big Machine Label Group . . . which included TAYLOR SWIFT’s first six albums. He paid about $300 million for it.
Well, he just turned around and sold the Taylor Swift music, by itself, in a deal supposedly worth more than $300 million.
Taylor has been trying to purchase her music back from Scooer but the two couldn’t reach a deal.
The company that bought Taylor’s music reached out to Taylor after the sale, hoping to work with her. But under the terms of the sale, Braun still profits off those masters for several more years.
So Taylor is going to go forward re-recording all her old music. She posted a letter how she felt about all this you can read below.
In isolation my imagination has run wild and this album is the result. I’ve told these stories to the best of my ability with all the love, wonder, and whimsy they deserve. Now it’s up to you to pass them down. folklore is out now: https://t.co/xdcEDfithq
📷: Beth Garrabrant pic.twitter.com/vSDo9Se0fp
— Taylor Swift (@taylorswift13) July 24, 2020