Taylor Swift She has acquired control of all the work of her life, in what she herself described as her “biggest dream come true.” A growing fortune could have helped her achieve that goal that had been chasing for years.
The pop superstar announced Friday the acquisition of the rights of its first six albums, culminating a long battle for the property of its entire catalog. He did not reveal the terms, but the collection was recently acquired by Shamrock capital in 2020 for about 300 million dollars.
Swift, 35, has obtained a personal fortune equivalent to that figure only in the last 19 months. Its net worth currently amounts to 1.4 billion dollars, according to the Bloomberg billionaire index, an increase of about 300 million dollars since October 2023, when it was in the middle of its successful tour Eras Tour, which made it a multimillionaire for the first time. The updated estimate does not reflect the recent acquisition of its catalog.
A Swift spokesman did not comment on his net assets.
Although Swift has presented its struggle to recover its previous work as a deeply personal search, it now also benefits from the transfer of licenses of your songs in the future.
“It is part of 1% of the artists who have the ability to negotiate agreements in their own way.” Ralph JaccodineBusiness Professor and Musical Management at Berklee College of Music from Boston. “You can license them and recover all the money. You can give them away. You can do what you want with your copyright.”
The first six swift albums were sold by Big Machine Label Group a Ithaca Holdings Llc of Scooter Braun In June 2019 as part of a major agreement, and then resided to Shamrock capital the following year.
This prompted Swift to announce that he would re -record his previous work – the source of the now omnipresent “Taylor’s version” – in an effort to undermine the popularity of the originals. In a letter published on her website on Friday, the singer said that she now controls all her work, including photographs, album covers, videos and unpublished songs. Swift recordings are among the most valuable assets in the music industry.
“If you see Taylor’s documentaries, when he is sitting to the piano working hard in his compositions, you see that he cares about his art with a lot of passion,” he said Josh GrussExecutive Director of the Private Capital Musical Rights Platform Round Hill Music “So, for her, being the absolute owner of this material is probably very significant, I’m sure.”
At a time when many artists do not possess the masters of their works and cannot make the most of their recordings, Swift is one of the few that benefits from the continuous popularity of their successes that lead the lists of successes. In addition to its first six albums, it has the master recordings of five new albums created since 2018 and four albums re -recorded.
Most of Swift’s fortune comes from the value of its catalog and profits for the sale of tickets and merchandising. Bloomberg estimated in October 2023 that the latter was worth 370 million dollars, and that was before the Eras tour.
The tours are especially profitable for musicians, since their part of the gross ticket sale is much greater than that of reproductions or the sale of albums, and also receive income from the sale of merchandising. During the 21 months of the ERAS tour, Swift sold more than 2,000 million dollars in tickets and approximately 10 million people attended their concerts.
He also received approximately 130 million dollars before taxes for the concert film that produced executively, Taylor Swift: The Eras Tour.
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