"This was the second time that my music was sold without my knowledge", wrote the "Cardigan" singer.
According to details confirmed this evening, Braun'sIthaca Holdings and investment group Carlyle Group have sold their interest in TaylorSwift's ultra-valuable catalog to LA-based investment firm Shamrock Capital.
After buying Taylor Swift's music in 2019, Scooter Braun has just sold them.
Braunpurchased the rights to all of Swift's first six albums in June 2019 as part of a merger with her former record label.
In her post, Swift reveals that Braun's team had requested she sign a non-disclosure agreement before she could "bid on [her] own work". He would never even quote my team a price.
Swift also said she had begun re-recording her early songs and it had "proven to be exciting and fulfilling".
Swift, meanwhile, has to work out the best way to re-record and re-market her stellar back catalogue, while unpicking potentially complex licensing situations with streaming services and others over which recordings of classic songs should be made available on their services.
The Billboard victor claims that he wanted her to sign a nondisclosure agreement in which she would only say nice things about her known enemy before he even considered entering into negotiations with her to get her music back. Reports in the United States suggested the deal was worth more than 300 million dollars (about £227 million).
As previously reported, Swift is now re-recording her old music after negotiations with Braun failed to buy her masters back from him. Braun is yet to respond to Swift's tweet. If I support you, as you request, I will be contributing to these future payments to Scooter Braun and Ithaca Holdings. We totally respect and assist her resolution and, whereas we hoped to formally accomplice, we additionally knew this was a attainable final result that we thought-about.
She also said she will be doing this so her fans could listen to her old albums "without feelings of guilt for benefiting Scooter", and added that this would likely diminish the value of her old masters.
She said that she was only made aware of Braun selling her masters after she received a letter from a private equity company, Shamrock Holdings, letting her know they had purchased her music, videos and album art.
Swift promised that there's plenty in store for fans so they can look forward to many surprises.
Despite pawning off her old music, Swift said Braun will continue to reap profits off of her work. We appreciate Taylor's open communication and professionalism with us over the past few weeks. "We hope to accomplice together with her in new methods transferring ahead and stay dedicated to investing with artists in their work".