Cúnto had to pay Taylor Swift to recover the rights of his first albums?

Home Health Cúnto had to pay Taylor Swift to recover the rights of his first albums?
Cúnto had to pay Taylor Swift to recover the rights of his first albums?

During the afternoon of this Friday, May 30, the 30 -year -old American singer and composer, Taylor Swifthe announced to his followers through social networks that he bought “his entire musical catalog”, which was in the hands of Shamrock Capital, a record company who owns his first six albums.

For the first time in the history of his artistic career, the pop star born in the city of West Reading, Pennsylvania, He has absolute control of his entire musical work: “All of the music That I have done now belongs to me. But really, it belongs to all of you, ”Swift wrote in A letter published on its official website.

The American director and businesswoman had lost the rights of her first Six albumsso he made the decision of re -regulate them In recent years. However, he needed to re -record the sixth and most expected album, Reputation. Given this situation, his followers believed that the next announcement was going to be totally different.

First of all forecast, the surprise has been another, the outstanding figure of popular music is now owned by all its albums: Taylor Swift (2006), Fearless (2008), Speak Now (2010), Grid (2012), 1989 (2014), Reputation (2017), LOVER (2019), Folklore (2020), Midnights (2022) and The tortured poets department (2024), in addition to its four refrabations.

How much did Taylor Swift pay to recover the rights of his albums?

According to the American magazine specialized in information about the music industry BillboardTaylor Swift bought all his musical catalog for an approximate transaction of US $ 360 million, with which he managed to recover all the original recordings he made with the record label Big Machine Label Group.

Taylor Swift’s official site openly explains that this Millionaire Transaction returns to the American singer “all the songs unpublishedthe control of the covers and photographs of the six albums, and the musical work of his entire life ”for which he battled for more than six years in a Legal drama which began at the beginning of 2019.

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Complications began when the company focused on music and entertainment Ithaca holdings, Property of the record executive Scooter Braun, bought the Big Machine Label Group label by US $ 350 million, In a transaction that included the ownership of the six albums that Swift had recorded with the US company.

In May 2020, Taylor’s original recordings were sold to the record company Shamrock Capital, in a transaction that did not contemplate the singer’s opinion again: “This is the second time they sold all my music without my consent”Swift said five years ago, so he chose to relaunch his albums.

Since the beginning of the last decade, American singer Taylor Swift has consecrated himself as one of the biggest stars of the Pop of recent times, to the point that its most recent world tour, The Eras Tour, It has been one of the most lucrative of all musical history, so that a documentary and a book.

“When I lost the rights of my first albums, I felt that it was the worse possible scenario for my career. But so the Taylor’s version, A success that ended up becoming a movement symbolic For those involved in this adventure, ”said Swift, who embarked on a legal and cultural battle for the control of his music.

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