By the end of October, industry sources said the bidding for a potential sale of the whole Big Machine company had risen to well over $300 million, with Universal the only major record company left in the race. Swift’s announcement of a multi-year contract with Universal comes after months of intensifying industry speculation about her future after her contract was up rumors included a direct distribution deal with Spotify as well as various types of deals with all the major labels. She had become the biggest artist on the country-focused label, which also features Rascal Flatts and Reba McEntire. This month marked the first time in 13 years that Swift has been a free agent. Big Machine has ownership of her first six albums, and there is no further details on whether or not that element of the contract had been negotiated following her exit. Swift unveiled two important elements of the new deal: the first of which will be ownership of her masters going forward. “It’s so thrilling to me that they, and the UMG team, will be my label family moving forward.” Terms of the deal were not immediately announced. “Over the years, Sir Lucian Grainge and Monte Lipman have been such incredible partners,” she wrote, noting that she is still part of Universal Music Group. Swift made the announcement in an Instagram post that featured a photo of her with UMG Chairman/CEO Sir Lucian Grainge and Republic Records co-founder and CEO Monte Lipman at the lead of a set. Swift’s deal with the Nashville-based, Universal Music Group-distributed independent label expired this month. Taylor Swift has announced that she has signed a new record deal with Republic Records and Universal Music Group, her first label change since signing with Big Machine Records at the age of 15.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |