Taylor Swift Speaks Out After Scooter Braun Sells Her Masters for Over $300 Million

Taylor Swift confirmed on Twitter (opens in new tab) that Scooter Braun has sold the original recording rights to her first six albums, after Variety (opens in new tab) reported on Monday that Braun had earned more than $300 million in a deal with an investment fund ( opens in new tab) after the report. In a statement shared on Twitter, Swift said she was contacted by private equity firm Shamrock Holdings, which confirmed the purchase of her master recordings. She wrote, "This was the second time my music had been sold without my knowledge." Swift and Brown have been in a dispute (open in new tab) over the artist's master recordings since June 2019, when Brown bought Swift's former record label (open in new tab), Big Machine Records, and with it the rights to her first six albums The company has fallen into.

Swift said she is "actively working to regain ownership of [her] original recordings," but Brown's team refused to enter negotiations unless she signed an "ironclad" nondisclosure agreement pledging "not another word about Scooter Braun, unless it is positive." They even refused to do so.

"I would have to sign a document that would silence me forever before I would get a chance to bid on my job," Swift wrote.

"He never even offered my team a price. These master recordings were not for sale to me."

"I was not even offered a price.

According to Swift, she was "hopeful and open-minded about the possibility of a partnership with Shamrock Holdings," but then learned that Brown would "continue to profit from (her) old music catalog for many years" under the terms of the sale. In a letter to the private equity group published on Twitter, she wrote that she "cannot in good conscience be directly or indirectly involved in Scooter Braun's profits."

Swift confirmed that she has begun re-recording her old songs, calling the process "exciting and creatively fulfilling," adding that there are "many surprises in

."