Scooter Braun officially retires from management after Taylor Swift controversy

nme.com:

as over the past year, the liked of Bieber, Grande, Lovato, David Guetta, Black Eyed Peas, and Carly Rae Jepsen had all parted ways with him.

Braun shared a statement on his official social media accounts sharing that after over 20 years, “this chapter as a music manager has come to an end.” He revealed that this was something that had been at least two years in the making and shared that a chat with one of his clients last year solidified his decision.“One of my biggest clients and friends told me that they wanted to spread their wings and go in a new direction,” he said. “We had been through so much together over the last decade, but instead of being hurt I saw it as a sign.”A post shared by Scott “Scooter” Braun (@scooterbraun)Back in 2021, Ithaca Holdings – the now former manager’s investment firm – merged with Hybe America, a branch of a South Korean entertainment company.

As part of the sale, Braun was offered the CEO position to helm the US operations.“I may have left my role in management, and my business relationship with many clients will alter and change, but this does not mean we as a company are leaving,” he wrote. “Both Allison Kaye and Jennifer McDaniels are more than capable to lead and as we combine new resources the opportunities with their leadership are endless.“These two incredibly powerful women will now step into a role that I know will grow into the most impressive women-led management business our industry has even seen.

While my name may have been on the door all these years, the truth is there is no one as brilliant as Allison Kaye, and few who can manage with the grace and poise of Jen McDaniels.”He continued: “We at Hybe will continue to grow.