The investment fund that purchased Taylor Swift’s master recordings releases statement

Taylor Swift claimed via Twitter on Monday that Scooter Braun had sold her old masters to an investment company without her knowledge.

And the company in question, Shamrock Capital Content Fund, released a statement regarding the controversial purchase to JustJared, shortly after news broke. 

‘Taylor Swift is a transcendent artist with a timeless catalog. We made this investment because we believe in the immense value and opportunity that comes with her work,’ the statement began.

‘We fully respect and support her decision and, while we hoped to formally partner, we also knew this was a possible outcome that we considered.’

Coming forward: The company that bought Taylor Swift’s master recordings from Scooter Braun, Shamrock Capital Content Fund, released a statement regarding the controversial purchase to JustJared; Swift pictured in 2019

Shamrock was referencing to an email they received from Swift after they contacted her to inform her of their purchase, which reportedly cost the company upwards of $300million.

Taylor informed them that she had been excited at the prospect of partnering with them but after learning that Braun was still going to profit off the catalog she realized there was no way forward.

Shamrock’s statement continued: ‘We appreciate Swift’s open communication and professionalism with us these last few weeks.’

Their specialty: Shamrock Capital Content Fund is managed by Los Angeles based investment firm, Shamrock Capital Advisors, and described as 'a specialized investment strategy focused on acquiring premium, high value entertainment content and intellectual property'

Their specialty: Shamrock Capital Content Fund is managed by Los Angeles based investment firm, Shamrock Capital Advisors, and described as ‘a specialized investment strategy focused on acquiring premium, high value entertainment content and intellectual property’

Entertainment: The company specifically invests in 'film, television, music and other forms of entertainment content that have completed their initial window of release and are positioned for long term growth and consumer engagement'

Entertainment: The company specifically invests in ‘film, television, music and other forms of entertainment content that have completed their initial window of release and are positioned for long term growth and consumer engagement’

They concluded their statement by noting that they ‘hope to partner with [Taylor] in news ways moving forward and remain committed to investing with artists in their work.’ 

Shamrock Capital Content Fund is managed by Los Angeles based investment firm, Shamrock Capital Advisors, and described as ‘a specialized investment strategy focused on acquiring premium, high value entertainment content and intellectual property.’

The company specifically invests in ‘film, television, music and other forms of entertainment content that have completed their initial window of release and are positioned for long term growth and consumer engagement.’

‘We work closely with the artists and creators to create new and dynamic business strategies and opportunities for their work and to maximize value for our investors.’  

Denied: Taylor Swift took to Twitter on Monday detailing how she unsuccessfully tried to negotiate the purchase of the rights to her old music catalog from Scooter Braun

Denied: Taylor Swift took to Twitter on Monday detailing how she unsuccessfully tried to negotiate the purchase of the rights to her old music catalog from Scooter Braun

Swift’s lengthy Twitter note detailed how she unsuccessfully tried to negotiate the purchase of the rights to her old music catalog, claiming that Braun demanded she sign an ‘ironclad’ NDA which would silence her before she could even begin discussions with BMLG Records.

The singer also claimed the masters were sold without her knowledge, and she revealed the name of private equity company Shamrock Holdings as the new owners of her work. 

With her post Swift, 30, also shared a letter she sent to Shamrock after they reached out to her to inform her of the purchase. 

The Bad Blood hitmaker informed them that she had been excited at the prospect of partnering with them but after learning that Braun is still going to profit off the catalog she realized there was no way forward. 

Silenced: Swift claimed that Braun demanded she sign an 'ironclad' NDA which would silence her before she could begin discussions with BMLG Records about regaining ownership

Silenced: Swift claimed that Braun demanded she sign an ‘ironclad’ NDA which would silence her before she could begin discussions with BMLG Records about regaining ownership

‘Been getting a lot of questions about the recent sale of my old masters. I hope this clears things up.’ Swift wrote on Twitter while sharing a lengthy explanation of what transpired.

‘I wanted to check in and update you guys. As you know, for the past year I’ve been actively trying to regain ownership of my masters recordings. With that goal in mind, my team attempted to enter into negotiations with Scooter Braun.’ she began.

‘Scooter’s team wanted my to sign an ironclad NDA stating I would never say another word about Scooter Braun unless it was positive, before we could even look at the financial records of BMLG (which is always the first step in a purchase of this nature). So, 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 said her legal team warned her that the type of NDA was not usual in such a transaction ‘unless it was to silence an assault accuser by paying them off.’

Allegedly denied the chance to negotiate a purchase, Swift said of Braun: ‘He would never even quote my team a price. These master recordings were not for sale to me.’

Disappointed: The singer also revealed Shamrock Holdings as the private equity firm that bought the masters. She shared a letter she sent Shamrock after they reached out to her to let her know about the deal

Disappointed: The singer also revealed Shamrock Holdings as the private equity firm that bought the masters. She shared a letter she sent Shamrock after they reached out to her to let her know about the deal

'This was the second time my music had been sold without my knowledge. 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.' Swift revealed

‘This was the second time my music had been sold without my knowledge. 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.’ Swift revealed

The Cardigan songstress revealed that the new owner, Shamrock Holdings, wrote to her to inform her of the sale.

‘This was the second time my music had been sold without my knowledge. 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.’ she wrote.

Swift went on to explain that she considered partnering with Shamrock but her hopes were quashed when she discovered that Bran will still be continuing to profit off her work for years.

‘Scooter’s participation is a non-starter for me.’ Swift explained to fans. 

She concluded her note on a more positive note, writing, ‘I have recently begun re-recording my older music and it has already proven to be both exciting and creatively fulfilling. I have plenty of surprises in store. I want to thank you guys for supporting me through this ongoing saga, and I can’t wait for you to hear what I’ve been dreaming up. I love you guys and I’m just gonna keep cruising, as they say. Taylor’

Can't in good conscious: Swift said she learned that Braun will still be profiting off her masters after the sale and explained that there is no way forward to partner with the new owners

Can’t in good conscious: Swift said she learned that Braun will still be profiting off her masters after the sale and explained that there is no way forward to partner with the new owners

Braun sold Swift’s highly-coveted masters from the Big Machine Label Group for over $300 million according to a Variety report on Monday.

The 39-year-old music executive unloaded the master rights to Swift’s first six albums to an unnamed investment fund according to the report.

The buyer and actual price has yet to be reported but the deal is believed to be over $300 million and closed within the last two weeks according to the entertainment publication.

Braun’s company Ithaca Holdings LLC purchased Nashville-based independent record label Big Machine, which was founded by Scott Borchetta in 2005, in June 2019 for just above $300 million.

The sale comes at an interesting time as Swift is now free to re-record songs from her first five BMLG-issued albums as of this month.

Sold: Scooter Braun (left) has sold Taylor Swift's highly-coveted masters from the Big Machine Label Group for over $300 million according to a new report from Variety

Sold without her knowledge: Variety revealed on Monday that Braun sold Swift’s highly-coveted masters from the Big Machine Label Group for over $300 million

Back in April, Swift slammed the family of billionaire investor George Soros and her nemesis Braun for their ‘shameless greed’ on the release of a new album of her songs. 

The music superstar took to Instagram to slam the executives in the war of words over the ownership of her music.

‘It looks to me like Scooter Braun and his financial backers, 23 Capital, Alex Soros, and the Soros family and The Carlyle Group, have seen the latest balance sheets and realized that paying $330 million for my music wasn’t exactly a wise choice and they need money,’ Swift wrote in the post. 

Swift finished off her note to her 131 million fans with a biting statement aimed at the executives as she wrote: ‘In my opinion… Just another case of shameless greed in the time of the coronavirus. 

‘So tasteless, but very transparent.’ 

'So tasteless': Back in April, Swift slammed the family of billionaire investor George Soros and her nemesis Braun for their 'shameless greed' on the release of a new album of her songs

‘So tasteless’: Back in April, Swift ([pictured in Utah back in January) slammed Scooter Braun and his business partners over an upcoming release of live performances

Sealing the deal: The two have been feuding for nearly a year after Braun reached a deal of more than $300million to purchase Big Machine Records from Scott Borchetta and with it, all of Swift's old music back in June 2019, the two are pictured at the time of the deal

Sealing the deal: The two have been feuding for nearly a year after Braun reached a deal of more than $300million to purchase Big Machine Records from Scott Borchetta and with it, all of Swift’s old music back in June 2019, the two are pictured at the time of the deal 

The album in question was titled ‘Live From Clear Channel Stripped 2008’ as some diehard Taylor fans were able to find it listed on Spotify. 

Swift wrote: ‘Hey guys – I want to thank my fans for making me aware that my former record label is putting out an ‘album’ of live performances of mine tonight. 

‘This recording is from a 2008 radio show performance I did when I was 18. Big Machine has listed the date as a 2017 release but they’re actually releasing it tonight at midnight.’ 

Swift and Braun have been feuding for over a year after Braun reached a deal of more than $300million to purchase Big Machine Records and with it all of Swift’s old music back in June 2019.  

Big Machine Records’ Scott Borchetta first signed Swift as a teenager, but she has been trying to purchase back the masters of her first six albums, to no avail.

When Scooter Braun bought into Big Machine, she described him as ‘an incessant, manipulative bully.’

Written in Red: Earlier this year the superstar had taken to her Instagram to post a lengthy statement in which she took aim at the record executive and partners for their 'shameless greed'

Written in Red: Earlier this year the superstar had taken to her Instagram to post a lengthy statement in which she took aim at the record executive and partners for their ‘shameless greed’

'They need money': Days before the performance Scooter revealed he had received death threats since Taylor claimed he won't let her perform her back catalog at the awards, which he denied

‘They need money’: Days before the performance Scooter revealed he had received death threats since Taylor claimed he won’t let her perform her back catalog at the awards, which he denied

Braun’s acquisition of the company also prompted Taylor to announce her plans to re-record her albums originally recorded under Big Machine this coming year.  

The pop star has now dragged the Soros family into the spat, specifically shaming ‘Alex Soros and the Soros family’ for financially backing her ex-manager Braun.

It’s not the first time Taylor has laid into Soros’s family.

On stage at the Billboard’s ‘Women in Music’ event in December she exposed their involvement in the ongoing battle over her music and called out theirs and Braun’s ‘toxic male privilege’.

Courting controversy: The album in question appears to be titled 'Live From Clear Channel Stripped 2008 as some diehard Taylor fans were able to find it listed on Spotify

Courting controversy: The album in question appears to be titled ‘Live From Clear Channel Stripped 2008 as some diehard Taylor fans were able to find it listed on Spotify

Taking a stand: Swift (seen in October 2018) wrote: 'This recording is from a 2008 radio show performance I did when I was 18. Big Machine has listed the date as a 2017 release but they're actually releasing it tonight at midnight'

Taking a stand: Swift (seen in October 2018) wrote: ‘This recording is from a 2008 radio show performance I did when I was 18. Big Machine has listed the date as a 2017 release but they’re actually releasing it tonight at midnight’

‘After I was denied the chance to purchase my music outright, my entire catalog was sold to Scooter Braun’s Ithaca Holdings in a deal that I’m told was funded by the Soros family, 23 Capital, and the Carlyle Group,’ she said. 

‘Yet to this day, none of these investors have bothered to contact me or my team directly to perform their due diligence on their investment, on their investment in me.’ 

She then continued to direct her words toward Braun: ‘If you’re in this room, you have something he needs. The fact is that private equity enabled this man to think, according to his own social media post, that he could ‘buy me.’ But I’m obviously not going willingly. Yet the most amazing thing was to discover that it would be the women in our industry who would have my back and show me the most vocal support at one of the most difficult times, and I will never, ever forget it. Like, ever.’ 

The hit-maker went on to challenge the audience to ‘stand as an example for someone else in the next generation that loves the same thing that we love.’ 

Hitting back: This isn't the first time Taylor has gone after Braun and his high powered business partners in public as called them out for 'toxic male privilege' while accepting the award for Woman of the Decade at the Billboard Women in Music gala in Los Angeles back in December

Hitting back: This isn’t the first time Taylor has gone after Braun and his high powered business partners in public as called them out for ‘toxic male privilege’ while accepting the award for Woman of the Decade at the Billboard Women in Music gala in Los Angeles back in December

Interesting: Swift took  on Braun in the very pointed speech after he had acquired Swift's music catalog alongside Big Machine CEO Scott Borchetta back in June 2019

Interesting: Swift took  on Braun in the very pointed speech after he had acquired Swift’s music catalog alongside Big Machine CEO Scott Borchetta back in June 2019

‘No matter what else enters the conversation we will always bring it back to music. As for me, lately I’ve been focusing less on what they say I can’t do and more on doing whatever the hell I want.’  

Swift received a standing ovation for her powerful words.

Skeptics have questioned whether the fight with the Soros family and Braun is as much to do with politics as it is business. 

Investor George Soros, who has been plagued by anti-Semitic conspiracy theories, is a major Democratic party megadonor while Braun helped organize the March for Our Lives protest back in 2018 which called for an end to gun violence.  

Swift famously kept her political beliefs to herself for years, and a few years back a small White Supremacist faction of her fan base anointed her an ‘Aryan goddess’ who harbors extreme right-wing beliefs.

But in 2018, Swift finally spoke out about her political standpoint when she intervened on behalf of Democrats in a midterm election in her home state of Tennessee. 

She has since emerged as a public supporter of the Democratic party. 

The long-running feud over the music all started when Braun reached a deal of more than $300million to purchase BMLG in June 2019, with the Soros family helping to raise the capital for the buyout. 

Swift blasted the move, saying she had for years pleaded for a chance to own her work but was only given an opportunity to sign back up to Big Machine Records and ‘earn’ one album back at a time, ‘one for every new one I turned in’.  

Ever since then, Swift has used her performance stage to vocalize her anger over the dispute. 

During her highly-anticipated Artist of the Decade performance at the American Music Awards in November she took another swipe at Braun.

She began her performance at the event held at the Microsoft Theater wearing a white button-down dress shirt with the titles of all her older albums on it including 1989 and Fearless.

She sang her female empowering hit – The Man – before shedding the top to symbolically hit back at the record executives as they own her old catalog of music despite her writing all of it. 

The song plays with the perception of men and women in society as she previously explained to Vogue:  ‘If I had made all the same choices, all the same mistakes, all the same accomplishments, how would it read?’  

Taking aim at The Man: Weeks before that Swift took aim Braun and Borchetta again during her highly-anticipated Artist of the Decade performance at the American Music Awards

Showing off: She turned around to show Fearless on the back before ditching the garment

Taking aim at The Man: Weeks before that Swift took aim Braun and Borchetta again during her highly-anticipated Artist of the Decade performance at the American Music Awards 

Iconic: It truly was Swift's night as she earned the top honor of Artist of the Year which lead her to eclipse Michael Jackson with 29 wins at the annual event for most of all-time during the American Music Awards in November

Iconic: It truly was Swift’s night as she earned the top honor of Artist of the Year which lead her to eclipse Michael Jackson with 29 wins at the annual event for most of all-time during the American Music Awards in November

The performance came after Swift was cleared to perform any of her previous hits amid all the controversy. 

A statement read: ‘The Big Machine Label Group and Dick Clark Productions announce that they have come to terms on a licensing agreement that approves their artists’ performances to stream post show and for re-broadcast on mutually approved platforms.

‘This includes the upcoming American Music Awards performances for Thomas Rhett and former Big Machine Records recording artist Taylor Swift.’

Days before the performance Scooter revealed he had received death threats since Taylor claimed he won’t let her perform her back catalog at the awards, which he denied. 

Tough situation: Days before the performance Scooter (pictured with Borchetta in Montecito in June 2019)  revealed he had received death threats since Taylor claimed he won't let her perform her back catalog at the awards, which he denied

Tough situation: Days before the performance Scooter (pictured with Borchetta in Montecito in June 2019)  revealed he had received death threats since Taylor claimed he won’t let her perform her back catalog at the awards, which he denied

Posting to Instagram and tagging Taylor in a length statement, he also shared a screengrab of one of the threats.

He wrote: ‘It is important that you understand that your words carry a tremendous amount of weight and that your message can be interpreted by some in different way .  

‘This morning I spoke out publicly for the first time saying I wouldn’t participate in a social media war. However I came home tonight to find my wife had received a phone call threatening the safety of our children as well as other threats.’  

A Timeline: Taylor Swift’s feud with Scooter Braun and Scott Borchetta

Taylor Swift signed to Big Machine Records in 2006, which has released all but one of her albums. 

In 2018, Swift signed with Universal Music Group, but Big Machine Records still retains the exclusive rights to her entire back catalogue of master recordings.  

Timeline of a feud: Taylor Swift, seen here this summer, is in dispute with Scooter Braun and Scott Borchetta over her back catalogue

Timeline of a feud: Taylor Swift, seen here this summer, is in dispute with Scooter Braun and Scott Borchetta over her back catalogue

Here’s how the public feud began: 

June 30, 2019: Braun’s $300million deal is announced 

The Wall Street Journal reported that Scooter Braun reached a deal of more than $300million to purchase Big Machine Records and with it, all of Swift’s old music. 

On the same day, Swift shared a blog post saying that for years she pleaded for a chance to own her work but was only given an opportunity to sign back up to Big Machine Records and ‘earn’ one album back at a time, ‘one for every new one I turned in’. 

She claimed in the post that she ‘walked away because I knew once I signed that contract, Scott Borchetta would sell the label, thereby selling me and my future’.

Long working relationship: Taylor Swift signed to Big Machine Records in 2006, which has released all but one of her albums; she is seen with Scott Borchetta in 2013

Long working relationship: Taylor Swift signed to Big Machine Records in 2006, which has released all but one of her albums; she is seen with Scott Borchetta in 2013

July 1, 2019: Scott Borchetta releases statement on the sale

Borchetta, the man who sold Swift’s catalog to Braun, says the singer has been misleading about the situation, claiming she had the chance to purchase her work and knew well ahead of time of the deal.

In an open letter on the label’s website, Borchetta, 56, who founded Big Machine Label Group, claimed the songstress had a shot earlier at buying the work, which fell through when she inked a pact with Universal Music Group.

On the same day, celebrities voiced their views. Halsey and Cara Delevingne rushed to support Swift as Justin Bieber, Demi Lovato and Braun’s wife, Yael Cohen, voiced their support for him. 

July 2, 2019: Braun faces backlash for bragging about purchase

Braun faced furious backlash over his now-deleted Instagram post that bragged about him ‘buying Taylor Swift’ as he claimed he tried to have a mature conversation with her about the purchase of her catalog of past albums.

When the news first broke – and before Swift responded angrily – Braun was re-posting messages of congratulations from friends and colleagues on his Instagram story.

One of the messages that Braun re-posted and later deleted from his Instagram story congratulated him on ‘buying’ the 29-year singer.

Controversial sale: Scott Borchetta and Scooter Braun in June 2019

Controversial sale: Scott Borchetta and Scooter Braun in June 2019

July 3, 2019: Swift’s lawyers deny she knew about $300m sale 

Her lawyer denied claims that Swift had an opportunity to buy her masters before it was eventually sold to Braun.

Borchetta had previously claimed that Swift knew about the sale. 

The lawyer refuted claims that the Shake It Off singer was informed months in advance that Big Machine was up for sale. 

August 21, 2019: Swift confirms she’s re-recording songbook

The singer announced her plans to re-record her songbook to regain control of her master recordings.

August 23, 2019: Swift celebrates release of first album not owned by Braun

Swift told Good Morning American that her Lover album is so special because ‘it’s the first one that I will own’.

On the same day, Swift slammed Braun in a separate interview, saying: ‘And the person who bought my art, he’s never made any art in his life, so he doesn’t know what it’s like.

‘He could never understand that personal connection. When you make something and then someone buys it out from under you…’ she said, referring to Braun.  

August 25, 2019: Swift blasts Borchetta for selling her music

Swift told CBS Sunday that she only found out about the secret $300million deal when it was news online.

‘I found out when it was online, like, when it hit the news,’ she said. 

‘I knew he [Scott Borchetta] would sell my music, I knew he would do that,’ she began.

‘I couldn’t believe who he sold it to, because, we’ve had endless conversations about Scooter Braun and he has 300 million reasons to conveniently forget those conversations.’

September 16, 2019: Braun insists he had no ‘malicious intent’ when buying Taylor Swift’s back catalogue masters 

Braun insisted he had no ‘malicious intent’ when he bought Big Machine Records.

‘I don’t do anything with malicious intent,’ the 38-year-old power broker told Tony Gonzalez’s Wide Open podcast.

‘I try to do things above board. I try to do the right thing. Not everyone’s gonna be happy with everything that you do, and I think in the long-term, I’ve learned this over time, the truth always comes out, and I’m confident in that.’

November 14, 2019:  Swift says she’s banned from singing on TV

Swift claimed that Big Machine Records founder, Borchetta, and music executive Braun have effectively told her ‘shut up or you’ll be punished’. 

She claimed they told her that she wouldn’t be able to perform a planned medley of her greatest hits at the American Music Awards next Sunday where she is due to receive Artist of the Decade.

They have also allegedly denied permission to use her old songs on a Netflix documentary that has been two years in the making.

November 15, 2019: Big Machine Records releases statement denying her claims 

Swift’s former record company hit back at the singer for making ‘false’ claims that the label banned her from singing her own songs on television. 

In a statement, Big Machine Label Group alleged that Swift owes ‘millions of dollars’ to their label and that her social media posts are threatening the safety of their employees.

November 22, 2019: Scooter Braun makes public appeal to end feud after his family received death threats

Braun shared a public letter on Instagram which read in part: ‘Since your public statement last week there have been numerous death threats directed at my family.’

He also said: ‘I assume this was not your intention but it is important that you understand that your words carry a tremendous amount of weight and that your message can be interpreted by some in different ways.’ 

He made it clear he wants to ‘rectify the situation’ and is ‘open to ALL possibilities.’

 Scooter ended his letter with another plea for a resolution – but admitted ‘many’ had told him it was unlikely he and Taylor would meet face-to-face as she’s more interested in creating her own ‘narrative’. 

Scooter ended the post with a screenshot of a threatening message he’d received towards his himself, his wife Yael Cohen and their three young children.

Taking a stand: Taylor began her performance at the American Music Awards on November 24 wearing a white dress shirt with the titles of all her older albums on it

Showing off: She turned around to show Fearless on the back before ditching the garment

Taking a stand: Taylor began her performance at the American Music Awards oon November 24 wearing a white dress shirt with the titles of all her albums on it including 1989 and Fearless

November 24, 2019:  Swift performs her hits at the American Music Awards amid controversy

Taylor Swift took aim Scooter Braun and Scott Borchetta during her highly-anticipated Artist of the Decade performance amid their highly-publicized feud before revealing to the audience that she has had the ‘hardest’ year ever.

The 29-year-old hitmaker began her performance at the American Music Awards held at the Microsoft Theater on Sunday wearing a white button-down dress shirt with the titles of all her older albums on it including 1989 and Fearless.

She sang her female empowering hit – The Man – before shedding the top to symbolically hit back at the record executives as they own her old catalog of music despite her writing all of it.  

 The song plays with the perception of men and women in society as she previously explained to Vogue:  ‘If I had made all the same choices, all the same mistakes, all the same accomplishments, how would it read?’ 

It was quite the setlist as she played Love Story, I Knew You Were Trouble, Blank Space, and Shake It Off in that order sandwiched between The Man and Lover. 

December 12, 2019: Swift slams Scooter Braun as she accepted Billboard’s first-ever Woman of the Decade award

Swift took at at Scooter while accepting Billboard's first ever Woman of the Decade award

Swift took at at Scooter while accepting Billboard’s first ever Woman of the Decade award 

The Lover hitmaker took aim at the music mogul during her acceptance speech at the Billboard Women in Music Awards 2019 at the Hollywood Palladium in Los Angeles and she also hit out at his supporters.

Taylor told the crowd: ‘Lately there’s been a new shift that has affected me personally, and as your resident loud person, I feel like I need to bring it up. And that’s the unregulated world of private equity coming in and buying up our music as if it’s real estate, or an app, or a shoe line.

‘This happened to me without my approval, consultation or consent.

‘Scooter [Braun] never contacted me or my team to discuss it prior to the sale.’

Taylor also called out a number of Scooter’s supporters, saying it is ‘the definition of the toxic male privilege in our industry to say, ‘Well, he’s always been nice to me.’

‘Of course he’s nice to you; if you’re in this room, you have something he needs.’

April 23, 2020: Taylor Swift slams family of billionaire investor George Soros and nemesis Scooter Braun for their ‘shameless greed’ on the release of a new live album

The superstar took to Instagram to slam the executives in the latest war of words over the ownership of her music.

‘It looks to me like Scooter Braun and his financial backers, 23 Capital, Alex Soros, and the Soros family and The Carlyle Group, have seen the latest balance sheets and realized that paying $330 million for my music wasn’t exactly a wise choice and they need money,’ Swift wrote in the post. 

Swift finished off her note to her 131 million fans with a biting statement aimed at the executives as she wrote: ‘In my opinion… Just another case of shameless greed in the time of the coronavirus. 

‘So tasteless, but very transparent.’ 

The album in question appears to be titled ‘Live From Clear Channel Stripped 2008’ as some diehard Taylor fans were able to find it listed on Spotify. 

Swift wrote: ‘Hey guys – I want to thank my fans for making me aware that my former record label is putting out an ‘album’ of live performances of mine tonight. 

‘This recording is from a 2008 radio show performance I did when I was 18. Big Machine has listed the date as a 2017 release but they’re actually releasing it tonight at midnight.’ 

 November 16, 2020: Taylor Swift’s masters are SOLD by Scooter Braun for over $300 MILLION

Music executive Braun unloaded the master rights to the 30-year-old’s first six albums to an unnamed investment fund according to Variety.

The buyer and actual price has yet to be reported but the deal is believed to be over $300 million and closed within the last two weeks according to the entertainment publication.

The sale comes at an interesting time as Swift is now free to re-record songs from her first five BMLG-issued albums as of this month.