American singer Taylor Swift has revealed that record executive Scooter Braun sold the master rights to her first six albums to an investment fund.
Variety reported that the US$300 million sale happened just 17 months after Braun acquired ownership of Big Machine Label Group.
Braun has sold Swift’s master recordings to a private-equity company called Shamrock Holdings.
But Taylor was not happy about these developments.
“So, I would have to sign a document that would silence me forever before I could even have a chance to bid on my own work. My legal team said that this is absolutely NOT normal, and they’ve never seen an NDA like this presented unless it was to silence an assault accuser by paying them off. He would never even quote my team a price. These master recordings were not for sale to me,” Taylor said.
The “Cardigan” singer posted her full reaction on Twitter: