Last week, Taylor Swift announced that he had reached an agreement with Shamrock Capital to completely recover his musical catalog. Although it has not been officially announced, experts say that the pop star I would have had to pay $ 360 million to recover it.
Remember that Swift fought for years to recover his first six albums. It all started in 2019, when Scooter Braun bought Big Machine Records, the label with which the singer began her careerand in doing so he also stayed with the rights of his musical catalog. A year later, and without informing Swift, Braun sold the catalog to Shamrock Capital.
After that sale, Swift decided to recover his music, but in the meantime he re -recorded the albums and created the ‘Taylor’s version’. He re -recorded four of the six albums: ‘Fearless’,’ Red ‘,’ Speak Now ‘and’ 19890.
Each of the publications was so successful that even its fans, now that the rights have been recovered, regret that the two missing albums will not be re -recorded: ‘Taylor Swift’ and ‘Reputation’.
Why did Taylor Swift own her songs?
In the music industry Not only is enough to record and compose songs so that the pieces belong to the artistsor it is not with those that are signed with labels.
Taylor Swift began his career being very young. At 15 years, He signed a record contract with Big Machine Records And it stipulated that they would take care of money for the recording, promotion and distribution of music and change would keep the property of the master recordings.
In the music industry, the master recordings belong normally to the labels and with that they have the power to decide how, when and where the songs are licensed. That is, they negotiate with the productions that want to use music for their films, series, advertising and more.
Normally, The sale of licenses to these productions generate much more money than reproductions in Spotify do it or any other digital platform.
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