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HYBE s No 3 investor to exit from BTS label in block deal
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M&A market logs record-high transactions in H1
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Scooter Braun Shares His Side of the Big Machine Deal Story
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Scooter Braun Talks BTS and His Company s Future With Korean Entertainment Giant HYBE
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On Wednesday (June 23)
, Variety published an interview with Braun to honor him as their Music Mogul of the Year. In the feature, Braun shared his perspective in regards to the drama surrounding his purchase of Swift s music.
Big Machine Label Group, which Braun s company Ithaca Holdings acquired in 2019, owns the original masters to Swift s first six albums:
Taylor Swift, Fearless, Speak Now, Red, 1989 and
Reputation. Swift is currently re-recording each of the albums in a bid to own the masters to her own music. I regret and it makes me sad that Taylor had that reaction to the deal, Braun shared, claiming that all of what happened has been very confusing and not based on anything factual. I don’t know what story she was told.