Taylor Swift’s long-standing feud with music executive Scooter Braun over the rights to her music is one of the most infamous in the entertainment industry, and it’s resulted in the huge undertaking of the artist re-recording “Taylor’s Versions” of her first six albums. However, as Swift continues thrilling fans on her epic Eras Tour, and amid the announcement that Speak Now (Taylor’s Version) is coming soon, new information regarding the 2019 sale of her catalog has come to light. It turns out that Swift's father got quite a big payday when Braun’s label purchased Big Machine Label Group, with Scott Swift earning a cool $15.1 million off the deal.
Music Business Worldwide has looked back at the July 2019 deal in which Scooter Braun’s Ithaca Holdings bought Big Machine Label Group from Scott Borchetta for $330 million, which included the masters to Taylor Swift’s first six albums. Scott Swift owned about 5 percent of Borchetta’s label, and the source confirmed that a payment of $15.1 million was made to Taylor’s father in August 2019. However, a representative for the artist says her father didn’t have any prior knowledge of the deal that she said blind-sided her, as he’d intentionally opted out of a shareholder’s meeting 48 hours prior to the sale. The rep said:
