![]() ![]() What does that mean for the assets sold by Braun? Master recordings earn revenue through multiple avenues, including streaming and consumption, sampling, public broadcast, use in television, film and commercials. 2019, she declared publicly that it was her intent to do. ![]() While most contemporary recording contracts have provisions prohibiting the artist from recutting material for a period of years, Swift likely had favorable terms in her contract that would make her songs eligible for re-recording at a certain point after the end of each album cycle, not the end of her overall contract. Swift is free to re-record songs from her first five BMLG-issued albums as of this month. Her contract with the label expired in fall 2018, after which she signed a deal for future recordings with Universal Music Group. Swift signed with BMLG at the beginning of her career. The acquisition encompassed all aspects of BMLG’s business, including its client roster, distribution deals, publishing and owned artist masters. Ithaca purchased the Nashville-based independent record label Big Machine, founded by Scott Borchetta in 2005, in June 2019 for just over $300 million, of which Swift’s catalog - from her 2006 self-titled debut to 2017’s “Reputation” - was believed to be worth some $140 million. Some insiders speculate the value could be as high as $450 million once certain earn-backs are factored in. The buyer, an investment fund, is as yet unknown but the deal is believed to be north of $300 million and closed in the last two weeks. Some 17 months after Scooter Braun’s Ithaca Holdings LLC acquired Big Machine Label Group and all of its recorded music assets, sources tell Variety the veteran manager and entrepreneur has sold the master rights to Taylor Swift’s first six albums. ![]()
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