Singer and songwriter Taylor Swift says she did not consent to a new collection of her music being released by her former record label, Big Machine Records.
The pop star released a lengthy statement on Thursday, calling the move a “tasteless” money grab. Swift also confirmed previous reports that Scooter Braun acquired the label for $330 million.
“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,” she wrote via Instagram Stories. “This recording is from a 2008 radio show performance I did when I was 18. Big Machine has listed the date as a 2018 release but they’re actually releasing it tonight at midnight.” She 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 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.”
“In my opinion,” Swift concluded, “Just another case of shameless greed in the time of coronavirus. So tasteless, but very transparent.” For several months, Taylor has been at odds with Braun and Scott Borchetta after the high-powered music executives obtained the rights to her first six album masters.
“I spent 10 years of my life trying rigorously to purchase my masters outright and was then denied that opportunity, and I just don’t want that to happen to another artist if I can help it,” the Grammy winner told Billboard about her decision to vocalize the behind-the-scenes drama.