But Swift saved some of her harshest words for Braun, who acquired the rights to her masters when he purchased her former record label with backing from a private equity firm. “As your resident loud person, I feel the need to bring it up. That is the unregulated world of private equity coming in and…
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In late June, news broke that Justin Bieber’s manager, Scooter Braun, had acquired Taylor Swift’s back catalog of music as part of his purchase of Scott Borchetta’s Big Machine Label Group. (Big Machine was Swift’s old label.) Pretty much everyone, from Halsey to Todrick Hall to Justin Bieber, had something to say about the situation,…
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Erin M. Jacobson, a music transactional attorney in Beverly Hills who also wasn’t involved in the sale, says acquisitions of this nature occur regularly. As Jacobson explains, the seller—in this case, Borchetta—stands to make a profit upfront from the sale, while the buyer—Braun, who reportedly paid over $300 million for Big Machine—earns profit over time…
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On Sunday, June 30, news broke that Justin Bieber’s manager, Scooter Braun, has acquired Taylor Swift’s back catalog of music as part of his purchase of Scott Borchetta’s Big Machine Label Group. (Swift used to be one of the artists on Big Machine’s roster.) This wasn’t good news to Swift, who responded to the announcement…
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