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The rest of the world may have shut down, but the Big Machine (drama) is still spinning. On Thursday, Taylor Swift spoke out against her former label — now controlled by über-manager Scooter Braun — which she claims is set to release a new album of archival live recordings at 12 a.m. on Friday. Taylor …
The rest of the world may have shut down, but the Big Machine (drama) is still spinning.
On Thursday, Taylor Swift spoke out against her former label — now controlled by über-manager Scooter Braun — which she claims is set to release a new album of archival live recordings at 12 a.m. on Friday.
“I want to thank my fans for making me aware that my former record label is putting out an ‘album’ of live performances of mine tonight,” Swift, 30, wrote on her Instagram Story. “This recording is from a 2008 radio show performance I did when I was 18. Big Machine has listed the date as a 2017 release but they’re actually releasing it tonight at midnight.”
Her statement continued, “I’m always honest with you guys about this stuff so I just wanted to tell you that this release is not approved by me. It looks to me like Scooter Braun and his financial backers, 23 Capital, Alex Soros, and the Soros family and the Carlyle Group have seen the latest balance sheets and realized that paying $330 MILLION for my music wasn’t exactly a wise choice and they need money.
“Just another case of shameless greed in the time of Coronavirus. So tasteless, but very transparent.”
Braun — along with the consortium Swift mentions in her note — acquired Big Machine Label Group last summer, and with it, the master recordings of the singer’s first six albums. Swift condemned the move at the time, calling it the “worst-case scenario” for her. A music industry expert told Page Six the songs are expected to make only $80,000 over a year at best.
As the feud raged on, Braun finally addressed the drama in November, saying, “I just think we live in a time of toxic division and people thinking that social media is the appropriate place to air out on each other and not have conversations.” He added that he would not “participate” in a Twitter war with Swift.
In December, Swift slammed Braun during a speech at the Billboard Women in Music event, calling out the “toxic male privilege” in the music industry.
Braun and Big Machine CEO Scott Borchetta did not return Page Six’s request for comment.
