LOS ANGELES (US) – Taylor Swift said on Monday that a private equity firm has purchased her master recordings thus denying her the chance to buy back them herself and have control over the rights to her first six albums.
“This was the second time my music had been sold without my knowledge,” the 30-year-old singer tweeted.
She also said she had begun re-recording her early numbers and that it had “proven to be exciting and fulfilling.”
This comes in the wake of her long-running feud with former recording firm, Big Machine Group, and with music executive Scooter Braun over the rights to some hit numbers such as “Shake It Off” and “You Belong to Me.”
After the singer left the Big Machine record label in 2018 after striking a deal with Universal Music Group, Braun bought the label the following year. Ever since then, Braun and Swift have been engaged in a bitter feud.
On Monday, the 10-time Grammy winner, wrote how she received a letter a few weeks ago from Shamrock Holdings, a private equity firm, “letting us know that they had brought 100% of my music, videos and album art from Scooter Braun.”
Swift said that as per the conditions of the sale, Braun continues to “profit off my old music catalogue for many years.”
On Monday, Hollywood trade outlet Variety said that Braun had sold the rights to the singer’s first six albums to an investment fund for more than $300 million.