Scooter Braun made a profit of $265 million from buying and selling Taylor Swift’s masters KossyDerrickBlog KossyDerrickEnt

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Thursday, June 15, 2023

Scooter Braun made a profit of $265 million from buying and selling Taylor Swift’s masters

Scooter Braun made a profit of $265 million from buying and selling Taylor Swift’s masters, according to Music Business Worldwide. 

Scooter sold the masters to Shamrock for $360 million and also secured the possibility of earning a further $45 million depending on the commercial performance of the albums in the years that followed.

The acquisition of Quality Control — which is home to some of the biggest names in Hip Hop including Lil Baby, Migos, Lil Yachty and City Girls — marks Braun’s first major move since becoming sole CEO of HYBE America earlier this year.

In a statement, Quality Control co-founder Pierre “P” Thomas spoke about the benefits of the partnership and taking the company worldwide.The acquisition of Quality Control — which is home to some of the biggest names in Hip Hop including Lil Baby, Migos, Lil Yachty and City Girls — marks Braun’s first major move since becoming sole CEO of HYBE America earlier this year.

In a statement, Quality Control co-founder Pierre “P” Thomas spoke about the benefits of the partnership and taking the company worldwide.

“HYBE are perfect partners for Quality Control as we come together to take our story and work global,” he said. “All of HYBE’s leaders are entrepreneurs with phenomenal combined history finding talent and taking it to the highest levels.

“Taking QC worldwide requires key partners like this who understand building something from the bottom and aiming sky high. It matters to us greatly their grasp of culture and acutely seeing what QC has built and the limitless path of where it can go.”

Some 17 months after Scooter Braun’s Ithaca Holdings LLC acquired Big Machine Label Group and all of its recorded music assets, sources tell Variety the veteran manager and entrepreneur has sold the master rights to Taylor Swift’s first six albums. The buyer, an investment fund, is as yet unknown but the deal is believed to be north of $300 million and closed in the last two weeks. Some insiders speculate the value could be as high as $450 million once certain earn-backs are factored in.

Borchetta and BMLG’s reps had convened with several potential suitors, amongst them the three major record companies – Universal Music Group, Sony Music Entertainment, and Warner Music Group.

The jewel in the crown of BMLG’s catalog back then is now a matter of music biz infamy: The master rights to the first six albums by global pop megastar, Taylor Swift.

Universal, said reports at the time, got close to acquiring Big Machine’s label.

Yet according to Music Business Worldwide sources close to the finalized deal, only one party – Scooter Braun’s Ithaca Holdings – was willing to significantly improve on the $300 million pricetag Borchetta sought for his company.

Borchetta and BMLG’s reps had convened with several potential suitors, amongst them the three major record companies – Universal Music Group, Sony Music Entertainment, and Warner Music Group.

The jewel in the crown of BMLG’s catalog back then is now a matter of music biz infamy: The master rights to the first six albums by global pop megastar, Taylor Swift.

Universal, said reports at the time, got close to acquiring Big Machine’s label.

Yet according to Music Business Worldwide sources close to the finalized deal, only one party – Scooter Braun’s Ithaca Holdings – was willing to significantly improve on the $300 million pricetag Borchetta sought for his company.

The acquisition of Quality Control — which is home to some of the biggest names in Hip Hop including Lil Baby, Migos, Lil Yachty and City Girls — marks Braun’s first major move since becoming sole CEO of HYBE America earlier this year.

In a statement, Quality Control co-founder Pierre “P” Thomas spoke about the benefits of the partnership and taking the company worldwide.

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