One of the popular singers, Taylor Swift took to her Twitter handle on Tuesday, to give a clarification on her master tapes being sold for $300 million by Scooter Braun. She recently released a long statement on her timeline, stating how her tapes were sold without her knowledge that too for the second time. As per Variety, it all happened when Scooter bought the Big Machine record label in 2019 after Swift left the label in 2018 for a new deal with Universal Music Group. Since then, Braun and Taylor have been loggerheads with each other. However, the deal is said to be locked in around $300 million with a private-equity company called Shamrock Holdings.
Confirming the same, Taylor Swift wrote on Twitter, “Scooter’s team wanted me 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),” she wrote. “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.”
“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 mentioned in her long note.
"As soon as we started communication with Shamrock, I learned that under their terms Scooter Braun will continue to profit off my old musical catalog for many years. I was hopeful and open to the possibility of a partnership with Shamrock, but Scooter’s participation is a non-starter for me,” she continued.
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