Taylor Swift recovers the rights of his first six albums after paying 360 million dollars to the Shamrock Holdings fund, thus closing a six -year dispute for the control of his music. The singer pointed out that this achievement is one of her dreams greatest come true.
The American singer and songwriter Taylor Swift announced Friday that she has recovered the rights of her first six studio albums, ending a six -year battle for the property of her musical work.
Swift, 35, confirmed that he paid 360 million dollars to the Shamrock Holdings investment fund, the last owner of his recordings, to acquire the complete rights of his catalog, according to Billboard magazine.
“All the music I have made … now … it belongs to me,” wrote the artist in a handwritten letter published on her website, where she thanked her followers for the “passionate” support during this process.
The agreement includes not only the songs, but also musical videos, concert recordings, album art, photographs and unpublished material. “Saying that my biggest dream has come true is little,” said Swift, who started his career in country music before becoming one of the global pop superstars.
The dispute began in 2019, when the tycoon Scooter Braun acquired the Big Machine label, responsible for the singer’s first successes. Braun then sold the rights to the Shamrock fund for 300 million dollars. Given this, Swift chose to rewrite four of its albums under the “Taylor’s version” seal, a strategy that sought to subtract value from the original recordings.
The remaining two albums, “Reputation” (2017) and their debut album Simon.
Swift also highlighted the fundamental role of its multimillionaire Tour Eras Tour, which raised more than 2,000 million dollars after 179 concerts, which allowed him to finance the acquisition of his music.
“All I have always wanted is to have the opportunity to work hard enough to be able to buy my music without ties, without association, with total autonomy,” Swift said in his message.
The dispute between Swift and Braun opened a global discussion about copyright and the property of the ‘masters’ (original material material) in the music industry, as well as the conditions in which young talents sign their contracts.
