Overview

• Swift regained ownership of her master recordings, music videos, concert films, album art, photography and unreleased songs in the deal with Shamrock Capital.
• Her early masters were sold by Big Machine Records to Scooter Braun’s Ithaca Holdings in 2019 and transferred to Shamrock Capital in 2020 for roughly $300 million.
• She reduced the value of her original masters by re-recording four albums—Fearless, Red, Speak Now and 1989—as Taylor’s Version and by completing her debut album’s new recordings.
• She has re-recorded less than 25 percent of Reputation (Taylor’s Version) and plans to release its unreleased Vault tracks as part of a celebratory edition.
• The Eras Tour’s financial success underpinned her purchase and the transaction has spurred renewed industry discussions on artists’ rights to their work.