Shirley Halperin Executive Editor, MusicSome 17 months after Scooter Braun’s Ithaca Holdings LLC acquired Big Machine Label Group and all of its recorded music assets, sources tell Variety the veteran manager and entrepreneur has sold the master rights to Taylor Swift’s first six albums.
The buyer, an investment fund, is as yet unknown but the deal is believed to be north of $300 million and closed in the last two weeks.Ithaca purchased the Nashville-based independent record label Big Machine, founded by Scott Borchetta in 2005, in June 2019 for just over $300 million.
The acquisition encompassed all aspects of BMLG’s business, including its client roster, distribution deals, publishing and owned artist masters.
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