What everyone can learn from the $300 million deal that Taylor Swift claims ‘stripped me of my life’s work’ [MarketWatch]
Verizon Communications Inc. (VZ)
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Source: MarketWatch
What everyone can learn from the $300 million deal that Taylor Swift claims ‘stripped me of my life’s work’ Taylor Swift is teaching the world a lesson about protecting their work. The pop star got vocal with fans Sunday when she revealed that Scooter Braun — the manager of Justin Bieber and Ariana Grande who Swift alleges bullied her — bought the master recordings of six of her multi-platinum albums. Braun acquired the master recordings, once controlled by Nashville-based record company Big Machine, for more than $300 million, The Wall Street Journal reported. Swift said that Scott Borchetta, the founder of Swift’s former label the Big Machine Label Group, would not sell her control of her masters and she severed ties with the label in November. She signed another contract with Universal Music Group and Republic Records, its subsidiary, to ensure she’d own her master recordings. But she still doesn’t fully own her old work. “This is my worst case scenario,” Swift said in a lengthy T
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