Overview

• The move ends a dispute that began when Scooter Braun acquired Big Machine Records in 2019 and sold Swift’s masters to Shamrock Capital in 2020.
• Swift financed the purchase through earnings from her Eras Tour, which has grossed over $2 billion worldwide.
• She has released four “Taylor’s Version” re-recordings—Fearless, Red, Speak Now and 1989—and has completed her debut album while work on Reputation remains pending.
• Sources say the deal’s cost was close to the $300 million–$360 million Shamrock originally invested in 2020.
• The transaction has reverberated through the music industry, prompting other artists to negotiate for ownership of their master recordings.