Scooter Braun has unloaded Taylor Swift’s master recordings from his repertoire.
Variety is reporting that Braun’s Ithaca Holdings has sold the masters of Swift’s first six albums to an investment fund for more than $300 million just 17 months after he acquired them, prompting Swift to say she was “grossed out” by the deal.
Ithaca purchased the entirety of Nashville-based record company Big Machine, which included Swift’s masters, for $300 million. Swift, who is now signed to Universal Music Group, panned the acquisition and promised to re-record her first six albums, which she said she could do this month.
The remainder of Big Machine remains with Braun and founder Scott Borchetta.
Reps for Braun, Borchetta and Swift didn’t immediately return Page Six’s requests for comment.
At the time of the acquisition, Swift claimed neither Braun nor Borchetta contacted her or her team about the sale, but Borchetta slammed her allegations and called for “truth.”
“I guess it might somehow be possible that her dad Scott, 13 Management lawyer Jay Schaudies (who represented Scott Swift on the shareholder calls) or 13 Management executive and Big Machine LLC shareholder Frank Bell (who was on the shareholder calls) didn’t say anything to Taylor over the prior 5 days,” Borchetta wrote in response. “I guess it’s possible that she might not have seen my text.
“But, I truly doubt that she ‘woke up to the news when everyone else did.’”
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