Swift took to Twitter on Monday, Nov. 16 to reply to stories that Braun not too long ago bought Large Machine Label Group, which incorporates the grasp rights for Swift’s first six albums. Variety reported that the sale exceeded the $300 million that Braun’s firm, Ithaca Holdings LLC, had initially paid in June 2019 to purchase Swift’s former record label.
Her tweet included two display pictures: A prolonged message to her followers, and a letter that she says she despatched to the funding fund that bought the rights to her grasp recordings from Braun.
“Been getting a variety of questions in regards to the latest sale of my previous masters,” she wrote. “I hope this clears issues up.”
The “Betty” singer defined that her staff had beforehand hoped to make a take care of Braun to regain possession of her masters, however that Braun’s aspect had insisted on her signing an NDA to make sure that she would by no means communicate a destructive phrase in regards to the veteran music supervisor. Due to this, phrases of a deal have been by no means mentioned.