After making headlines for snapping up Taylor Swift‘s catalogue, Scooter Braun is back in the news — this time for selling it.
Full story below…
17 months ago, the mega-manager’s company Ithaca Holdings purchased Big Machine Label Group and all of its music assets — which included the master rights to Swift’s first six studio albums.
The move infuriated the chart-topping singer, who has asserted on multiple occasions that she was not given the chance to participate in the deal. Nor was she aware of it.
Now, in the month the star is legally allowed commence re-recording her music (which she insisted she would), Braun has offloaded the catalogue. And for a hefty sum.
According to Variety, the industry titan sold the assets for “north of $300 million” to an as yet unknown investment fund. The deal was allegedly completed two weeks ago.
Word is that Braun has made quite the profit.
Suffice to say, it’ll be all sorts of interesting to discover the mystery entity who now own the catalogue – which includes cuts such as ‘Shake It Off’ and ‘We Are Never Getting Back Together.’
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He is smart for selling it off and making a big profit. Too much drama surrounding the catalog and if taylor do indeed re record everything…that would drastically lower the value of the original. I can’t understand for the life of me why taylor didn’t just buy it back at the terms Scooter asked. How it belongs to someone else other than her. Smh
Phuck that B!!tch Katy Perry’s owns her catalog
He is PETTY PETTY PETTY! LOL. And im sure he made millions off of it while he had it which probably paid for the original deal, and then to sell it for even more! Great(but petty AF) business move. And to think that he STILL didn’t give her a chance to buy it at such a low figure.
He won , AGAIN
Scooter is that bad person that keeps winning in life
Not a Taylor fan, but he is garbage.
@Moose…- I agree.