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Taylor Swift master tapes sold by Scooter Braun to investment fund

US singer Taylor Swift has confirmed a report that music mogul Scooter Braun has sold the rights to her first six albums.

US entertainment magazine Variety first reported on Monday that Braun had sold the recordings – known as masters – to an investment fund.

It said the deal is thought to be worth more than $300m (£227m).

Writing on Twitter, Swift said it was “the second time my music had been sold without my knowledge”.

It is the latest development in the dispute between Swift and Braun – Swift has previously accused Braun of trying to “dismantle” her musical legacy.

There has been no initial response from Braun to the Variety report or Swift’s remarks. The BBC has sent an email to Braun for comment.

Swift signed a deal with record label Big Machine in 2004 granting it ownership of the master recordings to her first six albums in exchange for a cash advance to kick-start her career.

In the music industry, ownership of masters means you control what can be done with the original recording of a song or album, from re-releases and box sets to making it available for use in an advert or on a streaming platform. Owners of popular songs can earn a huge amount of money.

BBC

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