WHAT IS GOING ON? TaylorSwift JustinBieber
But record labels are tough negotiators, and while it's shitty that Swift doesn't own her own catalog, it's not unusual. Although the system is slowly changing, many newly signed artists forfeit rights to master recordings and receive a bunch of advance money instead. Swift was a teenager eager to live her music dream — even with the support of wealthy parents, she was arguably in a poor position to negotiate back in 2008.
Whatever went down, Swift chose to sign with Universal, for a presumably huge sum of money. At the time, Also relevant: Swift's father, former stockbroker Scott Swift, owns shares in Big Machine. He has been indirectly profiting from her masters for years, and will probably benefit from the company's sale."Some fun facts about today's news: I learned about Scooter Braun's purchase of my masters as it was announced to the world," writes Swift in the Tumblr post. This, too, is disputed by Big Machine.
All this pain is compounded by the fact that Swift feels betrayed by Borchetta, her longtime ally."Any time Scott Borchetta has heard the words 'Scooter Braun' escape my lips, it was when I was either crying or trying not to," she writes."He knew what he was doing; they both did. Controlling a woman who didn't want to be associated with them. In perpetuity. That means forever.
Oh, you thought master of messy Insta captions Justin Bieber wouldn't weigh in on the drama? Please. Bieber apologized for the incident of social media bullying Swift described on Tumblr, calling it"distasteful and insensitive." But he, like Borchetta, also claims that BraunSwift and supports her."One thing i know is both scooter and i love you," he writes.
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