Taylor Swift buys again grasp rights to first six albums from Shamrock Capital
Taylor Swift has efficiently acquired the grasp recordings of her first six studio albums from funding agency Shamrock Capital.
The deal brings to a detailed one of many music business’s most high-profile possession disputes.
Swift confirmed the information on her personal web site on Friday (Could 30) in a handwritten letter to her followers.
The transaction entails the grasp rights to Swift’s albums Taylor Swift, Fearless, Communicate Now, Pink, 1989, and Popularity – recordings which have been on the middle of a six-year battle over artist possession rights.
The deal represents a outstanding full-circle second for Swift. The masters sale saga began when Scooter Braun’s Ithaca Holdings acquired Massive Machine Label Group (together with these six Taylor Swift masters) in 2019.
Ithaca Holdings then bought the grasp rights to Taylor Swift’s first six studio albums to Shamrock in 2020.
Swift’s response to the sale of her masters was unprecedented within the music business.
She launched into an bold re-recording mission, creating new “Taylor’s Variations” of her traditional albums that she would absolutely personal.
Swift has efficiently re-recorded 4 of the six disputed albums: Fearless (Taylor’s Model), Pink (Taylor’s Model), Communicate Now (Taylor’s Model), and 1989 (Taylor’s Model). Solely Popularity and her self-titled debut album stay unreleased as re-recordings.
In her letter to followers on Friday, Swift known as the deal her “biggest dream come true”.
Added Swift: “To my followers, you know the way necessary this has been to me – a lot in order that I meticulously re-recorded and launched 4 of my albums, calling them Taylor’s Model.”
Monetary particulars of the buyback haven’t been disclosed. Selection stories that it was a “nine-figure sum”.
Web page Six advised earlier this month that the deal might be valued between $600 million and $1 billion.
This may symbolize a major improve from the $405 million that Shamrock Capital paid Ithaca Holdings for the masters in November 2020.
Swift was the most important revenue-generating recording artist globally in 2024 in line with IFPI knowledge. Her latest Eras Tour grew to become the highest-grossing live performance tour in historical past.
“All I’ve ever wished was the chance to work exhausting sufficient to have the ability to at some point buy my music outright with no strings hooked up, no partnership, with full autonomy. I can be without end grateful to everybody at Shamrock Capital for being the primary folks to ever provide this to me.”
Taylor Swift
In her letter to followers on Friday, Swift stated: “All I’ve ever wished was the chance to work exhausting sufficient to have the ability to at some point buy my music outright with no strings hooked up, no partnership, with full autonomy.
“I can be without end grateful to everybody at Shamrock Capital for being the primary folks to ever provide this to me. The way in which they’ve dealt with each interplay we’ve had has been trustworthy, honest, and respectful.
“This was a enterprise deal to them, however I actually felt like they noticed it for what it was to me: My recollections and my sweat and my handwriting and my many years of goals. I’m endlessly grateful. My first tattoo would possibly simply be an enormous shamrock in the course of my brow.”Music Enterprise Worldwide
