Taylor Swift says Scooter Braun has sold her master recordings
Taylor Swift said talent manager Scooter Braun has sold her master recordings to a private equity firm and would not enter negotiations with her unless she signed an 'ironclad' non-disclosure agreement.
The pop superstar has been embroiled in a public and bitter row with the high-profile music executive since he bought much of her back catalogue in 2019.
Reports in the US suggested the deal was worth more than 300 million dollars. She said before negotiations could start, Braun's team wanted her to sign an 'ironclad NDA stating I would never say another word' about him 'unless it was positive'.
Swift said: '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. My legal team said that this is absolutely NOT normal, and they've never seen an NDA like this presented unless it was to silence an assault accuser by paying them off.'
She said they would 'not even quote my team a price' and 'these master recordings were not for sale to me'.
The terms of the deal mean Braun will 'continue to profit of my old musical catalogue for many years' and his involvement means she will not forge a partnership with new owners, Shamrock Holdings.
Braun's clients include Justin Bieber and Ariana Grande.. Braun bought most of Swift's back catalogue when his company, Ithaca Holdings, purchased Big Machine Label Group, her first record label.