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Speaker 1: Jersey and Amanda gem Nation, and the goat of entertainment

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Speaker 1: editors is M Gillespie.

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Speaker 2: Hello, M, Hello, Well we are here to talk about

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Speaker 2: the goat of pop culture.

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Speaker 1: Law.

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Speaker 3: I'm so excited today to talk to you about this, guys,

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Speaker 3: because Taylor Swift has bought back her masters after what

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Speaker 3: some could say would be a twenty year battle, but

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Speaker 3: at least the better part of a decade.

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Speaker 2: Howd she lose them? What happened? Great question, Well, when

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Speaker 2: she was just a wee fifteen year old, she signed

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Speaker 2: to this record label, Big Machine Records, and essentially they

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Speaker 2: owned the masters to her first six albums. Now, in

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Speaker 2: the music industry, when we're talking masters, we're referring to

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Speaker 2: the original official recording of a song. So that's the

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Speaker 2: source material that from which other versions are licensed. A

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Speaker 2: good kind of metaphor is like think about the Mona

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Speaker 2: Lisa in the louver. That's the master copy, and then

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Speaker 2: you can buy a print, but you don't own the

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Speaker 2: original painting. And basically Taylor Swift always had this intention,

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Speaker 2: this planned that one day she would buy back her masters.

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Speaker 2: Now Big Machine Records, that label that she signed with

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Speaker 2: originally was sold in twenty nineteen to a man called

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Speaker 2: Scooter Braun. You may have heard of him because he

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Speaker 2: was a very famous music manager, but also because he

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Speaker 2: became the villain of the music industry when he bought

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Speaker 2: this record label. He's worked with people like Justin Bieber.

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Speaker 2: He's kind of credited as discovering Bieber. He's worked with

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Speaker 2: Conney West, Ariana Grande. Anyway, he acquired this record label

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Speaker 2: for a reported three hundred million dollars in twenty nineteen,

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Speaker 2: which gave him control of Taylor Swift's first six albums.

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Speaker 3: So he could have used that to do anything pretty much.

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Speaker 2: And it also means that he makes a lot of

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Speaker 2: money from her six shoe albums being licensed. This is

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Speaker 2: like Michael Jackson buying the Beatles back catalog. Yes, yes, exactly.

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Speaker 2: So Taylor Swift by that point had already moved record labels.

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Speaker 2: She was with Universal by that point, and she came

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Speaker 2: out and released this famous statement to Tumblr very retro

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Speaker 2: in twenty nineteen where she called the deal her worst

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Speaker 2: case scenario. She said the sale was a nightmare for her.

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Speaker 2: She accused Braun of incessant manipulity bullying over the years,

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Speaker 2: and that was the start of this very very public fallout.

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Speaker 2: Now this bullying. She refers to Scooter Braun managed Kanye West.

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Speaker 2: You might remember the infamous two thousand and Ninevmas. He

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Speaker 2: stormed the stage, Taylor won and award, he said it

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Speaker 2: should have gone to Beyonce. And then later he made

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Speaker 2: this song called Famous, where he said he implied that

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Speaker 2: him and Taylor might still have sex because he made

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Speaker 2: her famous. The video clip had like an AI or

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Speaker 2: like a modeled version of Taylor Swift naked in a bed.

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Speaker 2: It was all very seedy and very offensive. She hated it.

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Speaker 2: The world hated it anyway. Scooter Braun has now done

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Speaker 2: a podcast where he has spoken about the whole saga.

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Speaker 2: He's admitted that he was kind of shocked by Taylor

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Speaker 2: Swift's response to him buying the records, and that he

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Speaker 2: kind of the whole thing just blew up out of proportion.

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Speaker 2: He's a little bit of what he said.

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Speaker 1: I started managing Kanye West, I managed Justin Bieber. I

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Speaker 1: knew she didn't get along with them. This is where

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Speaker 1: my arrogance came in. I had a feeling she probably

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Speaker 1: didn't like me because I manage them. But I thought

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Speaker 1: that once this announcement happened, she would talk to me

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Speaker 1: and we would work together. I can't worry about everyone's

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Speaker 1: niece being mad at me, you know, I wish everyone

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Speaker 1: involved nothing but good wishes. But he should worry about

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Speaker 1: her being mad at him, because all her followers would

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Speaker 1: be mad at him.

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Speaker 2: Yes, and so was the last I guess eight years

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Speaker 2: of his life has been kind of this sticking point

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Speaker 2: for not only Taylor Swift, but the whole world and

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Speaker 2: all of her fans and all of the criticism against him.

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Speaker 2: He says that that criticism has given him kind of

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Speaker 2: a new understanding of what it's like to be on

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Speaker 2: the receiving end of scrutiny, that it taught him real empathy.

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Speaker 2: He's being very kind of like, oh, like, I've had

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Speaker 2: this full personal journey and now I've come out on

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Speaker 2: the other side and I'm a great guy. But the

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Speaker 2: jury's out on that.

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Speaker 3: How can't she buy the stuff back?

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Speaker 2: Well, Scooter Braun sold the Masters to a private equity

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Speaker 2: firm in twenty twenty called Shamrock Capital. Swift declined to

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Speaker 2: partner with them on that deal because Scooter Braun would

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Speaker 2: still profit it from it, so she wanted absolutely nothing

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Speaker 2: to do with him, But a couple of weeks ago

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Speaker 2: we heard from her. She posted a letter to a

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Speaker 2: website saying she'd finally brought back her entire catalog from Shamrock.

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Speaker 2: This means she's regained control of all of the songs,

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Speaker 2: of all the videos, the related assets of her first

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Speaker 2: six albums. She said, all of the music I've ever

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Speaker 2: made now belongs to me. The best things that have

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Speaker 2: never that have ever been mine finally actually are. Shamrock

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Speaker 2: Capital has released a statement in support, saying it's thrilled

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Speaker 2: at the outcome, so happy for Taylor. Of course, it's thrilled.

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Speaker 2: It just made a room with three hundred and sixty millions.

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Speaker 2: Offer was done all right, ever, but it's like me,

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Speaker 2: I owned the original masters to bad elements so exactly,

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Speaker 2: and you hold on to those that's on a lock

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Speaker 2: and key.

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Speaker 1: Is anyone fighting you for them?

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Speaker 2: People? They're lining up out the door. Don't you let

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Speaker 2: those big music industry types take that away from.

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Speaker 3: The Scooter Braun of the world.

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Speaker 2: Exactly, No more scooters.

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Speaker 1: Check it out.

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Speaker 3: Check her out editor The Daily Lesbie.

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Speaker 2: Thank you, Thank you U