Scooter Braun Made A Profit Of $265 Million From Buying & Selling Taylor Swift’s Masters

Scooter Braun’s Former Company Ithaca Holdings Made $265M Off Taylor Swift’s Masters

Almost three years after selling Taylor Swift’s masters, new documents have confirmed just how much money Scooter Braun’s former company Ithaca Holdings made off of the deal.

Ithaca Holdings originally acquired Swift’s catalog in June 2019, valued at $140 million.

The purchase was a part of the company’s $330 million acquisition of Big Machine, the label that signed Swift in 2005 when she was just 16 years old.

 

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According to a detailed report from Music Business Worldwide that The Messenger has verified, Ithaca sold Swift’s original recordings at the end of 2020 for $360 million to a capital firm named Shamrock with the possibility of earning another $45 million depending on the performance of Swift’s first six albums in the years following the sale.

A 2023 Q1 report reveals Braun’s company received the maximum payout of $45 million from the deal, which means they made a total of $265 million.

The bad blood between the music industry powerhouses began after the pop star concluded her record deal with Big Machine in 2018 and promptly jumped over to Universal Music Group.

UMG gave her a more artist-friendly deal and the opportunity to own her masters from that point on. At the time, she thanked Scott Borchetta, the original owner of Big Machine.