Carlyle Group co-CEO says he's confident Taylor Swift deal will be a 'successful investment'
Carlyle Group co-CEO Kewsong Lee is optimistic about the private equity firm's investment in superstar Taylor Swift. Carlyle Group, which has been an investor in Ithaca Holdings since 2017, helped finance the deal. Swift has called on the Carlyle Group for help. Presidential hopeful and Senator Elizabeth Warren tweeted about the controversy last month, taking aim at private equity companies. "Unfortunately, @TaylorSwift13 is one of the many whose work has been threatened by a private equity firm.cnbc.com
Taylor Swift's battle over her music escalates
Taylor Swift performed for NPR's Tiny Desk Concert series before she heads out on her 2020 world tour. NASHVILLE, Tenn. - The public battle between Taylor Swift and music manager Scooter Braun continues to escalate. In a statement to CNN, an executive at Big Machine Label Group disputed Swift's claims. "Taylor Swift can 100% perform all of her catalog, past and present, on the AMAs. Big Machine Label Group told CNN Swift's appeal to her supporters "greatly affects the safety of our employees and their families."
Taylor Swift's attorney responds to Scott Borchetta
Taylor Swift's lawyer denies she was given an opportunity to buy back her masters from Big Machine Label Group, as music industry executive Scott Borchetta has claimed. The public feud, which led to the hashtag trending on Twitter, began Sunday when Scooter Braun's company, Ithaca Holdings, announced it will acquire Borchetta's Big Machine Label Group. Swift began her career at the label, where she remained until she signed with Universal Music Group in November 2018. Instead I was given an opportunity to sign back up to Big Machine Records and 'earn' one album back at a time, one for every new one I turned in," Swift wrote. "I walked away because I knew once I signed that contract, Scott Borchetta would sell the label, thereby selling me and my future.cnbc.com
Swift calls sale of music catalog to Braun worst case scenario'
Taylor Swift called it her "worst case scenario," learning that her music catalog has been sold to a company owned by music manager Scooter Braun. Braun's Ithaca Holdings acquired Big Machine Label Group from founder Scott Borchetta as part of a $300 million deal, reports Billboard. "I had to make the excruciating choice to leave behind my past," Swift continued. "I learned about Scooter Braun's purchase of my masters as it was announced to the world," Swift wrote. "This is my worst case scenario," Swift wrote.
Taylor Swift accuses Scooter Braun of "manipulative bullying" after he acquires her music
Taylor Swift says she was "grossed out" by talent manager Scooter Braun's acquisition of her music catalog. Swift claimed she learned about the acquisition of Big Machine Label Group on Sunday "as it was announced to the world." She said the purchase was her "worst case scenario," since she doesn't own the rights to the music created while she was with the Big Machine Label Group. Last November, Swift switched labels and signed with Universal Music Group in an effort to own her music moving forward, The Associated Press says. She wrote on the photo, "This is Scooter Braun bullying me on social media when I was at my lowest point[.]cbsnews.com