Music Biz: Taylor Swift NEW Tortured Poets Department - the largest streaming week for an album ever, UPDATE TEAM KAMALA!

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Taylor Swift Blames Former Label’s Greed for Selling Her Masters to Scooter Braun
By Devon Ivie@devonsaysrelax
23-taylor-swift.w330.h330.jpg

Photo: Taylor Hill/FilmMagic

Last week, Taylor Swift confirmed (after a lot of encouragement from fellow female musicians) that she was going to rerecord her old albums, following the news that the masters from these albums were recently bought by her nemesis Scooter Braun in a whopping $300 million deal. Now, in a new interview with CBS Sunday Morning, Swift doubled down on her commitment to rerecord the six albums (“yeah, absolutely!”) while also criticizing her former label, Big Machine Records, and its founder, Scott Borchetta, for corporate greed. “I knew he would sell my music. I knew he would do that,” Swift explained about Borchetta. “I couldn’t believe who he sold it to, because we’ve had endless conversations about Scooter Braun. And he has 300 million reasons to conveniently forget those conversations.” Swift also disputed Borchetta’s claims that she was aware of Braun’s deal before it became public knowledge, and that she was actually offered the chance to purchase her masters herself. “I found out when it was online,” Swift added, “like, when it hit the news. Nobody knew.”

Hours after Braun’s acquisition became public back in July, Swift penned a message on Tumblr that said Braun had subjected her to “incessant and manipulative bullying” over many years, calling the deal her worst nightmare. “Essentially, my musical legacy is about to lie in the hands of someone who tried to dismantle it,” she wrote. “Any time Scott Borchetta has heard the words ‘Scooter Braun’ escape my lips, it was when I was either crying or trying not to. He knew what he was doing; they both did. Controlling a woman who didn’t want to be associated with them. In perpetuity. That means forever.” Who’s lying, you ask? Well, who knows.
 

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According to TMZ
“You grant and convey to Label, and confirm that Label shall be the exclusive, perpetual owner of all Masters throughout the universe, including without limitation, all copyrights therein as a “work made for hire”. Label and all parties authorized by Label shall have the exclusive right to exploit the Masters, and to use your name, voice and likeness in connection with such exploitation. The right to use your name, voice and likeness shall be exclusive during the term and non-exclusive thereafter.”



TERM:
The Term shall consist of an Initial Period and of the Option Periods (defined below) for which Company shall have exercised the options hereafter provided. The Initial Period and each Option Period are each hereafter sometimes referred to as a “Contract Period”. The Initial Period shall commence on the date hereof and shall continue until the earlier of the dates referred to in paragraphs (a) and (b) immediately below:

a) the date twelve (12) months after the Delivery to Company, as defined in paragraph 19.09 below, of the fully equalized, digital tape Masters to be used in manufacturing the Phonograph Record units to be made for distribution in the United States from the last Master Recordings made in fulfillment of your Recording Commitment for the Contract Period concerned under Article 3 below; or

b) the date nine (9) months after the initial commer-cial release in the United States of the Album required to be delivered in fulfillment of your Recor-ding Commitment for the Contract Period concerned; but will not end earlier than one (1) year after the date of its commencement.

2.02 You grant Company separate options to extend that Term for additional Contract Periods (“Option Periods”) on the same terms and conditions, except as otherwise provided herein. Company may exercise each of those options by sending you a written notice not later than the expiration date of the Contract Period, which is then in effect (the “Current Contract Period”). If Company exercises such an option, the Option Period concerned will begin immediately after the end of the Current Contract Period and shall continue until the earlier of the dates referred to in paragraphs 2.01 (a) and (b) above.
 

conspiracy_brotha

Woke as fuck
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I remember Prince being adamant about artistic freedom and owning his own masters in his fight with Warner Brothers too.

Crazy how so many of these brilliant, genre-defining artists don’t even own their own work.
Notice both Prince and Michael Jackson were murdered after earning back their masters. Hollywood and the music industry is ran by criminals. Once they squeeze as much outta you as they can get they either drop you or kill you and collect the insurance money.
 

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What Is Every Song on Taylor Swift’s folklore Actually About?
By Jill Gutowitz
A lowercase girl album, like a lowercase girl, signifies ambivalence, nonchalance, and unfortunately, a Trojan horse of emotional terrorism. Photo: YouTube
Last night I dreamt I was dashing through thorny brush in a black forest, bloodying my legs in desperate search of a clearing in the trees. I awakened screaming and panting, only to realize — it wasn’t a dream. I’d moved permanently into the woods to stream Taylor Swift’s eighth studio album folklore where it deserved to be streamed: in the wilderness.
Thursday morning, July 23, Swift announced a surprise album and music video were set to drop that Friday at midnight. Now, after a grueling night of listening, weeping, memeing, and baring my teeth at a puma that got into my meat supply, I’m ready to discuss. But first, some housekeeping: It must be noted that each song on folklore and the album title are stylized in lowercase letters. As a lowercase girl myself, the significance of this cannot be understated.
A lowercase girl texts and posts in lowercase letters so as to appear relaxed; we are the antithesis of thirst, having been terrorized by love lost so many times that we can no longer bear to even seem like we care enough to text you with proper capitalization. Other noted lowercase girls include Lykke Li and Ariana Grande, and Swift and folklore sit on the shoulder of such chill giants. A lowercase girl album, like a lowercase girl, signifies ambivalence, nonchalance, and unfortunately, a Trojan horse of emotional terrorism. Knowing that, let’s talk about every song on folklore.

“the 1”

We open with an emotionally devastating blast to the face. “the 1” is a playful yet melancholic doom fantasy of what could’ve been, in which Swift muses, “it would’ve been fun, if you were the one.” Personally, I believe folklore is a PsyOp, and “the 1” is the first blow of a 16-piece psychological attack intended to break every last person who hasn’t yet been broken by quarantine. “the 1” is just oiling you up for your own annihilation.
“cardigan”

Released with a music video at midnight Friday, “cardigan” is adorable, and yet, again, hurtful to specifically me: “And when I felt like I was an old cardigan, under someone’s bed, you put me on and said I was your favorite.” Here’s what I believe: I believe that “cardigan” is not just about hurting me personally but is also a lesbian answer to Chris Evans’s cable-knit sweater in Knives Out. As a lesbian with zero interest in Chris Evans, I felt very left out of the sweater discourse last year, and no queer woman should EVER be left out of sweater discourse. “cardigan” is not only the official sweater of bisexuality (they’re versatile) but the first of many queer-coded songs on folklore.
the last great american dynasty

Some have theorized that “the last great american dynasty,” and its mention of a woman from St. Louis, is about Swift’s former BFF and rumored ex-girlfriend, Karlie Kloss, who was born in St. Louis. There’s also this lyric, “Rebekah gave up on the Rhode Island set forever / flew in all her Bitch Pack friends from the city / filled the pool with champagne and swam with the big names,” inspired by St. Louis-born debutante Rebekah Harkness, who married the heir to Standard Oil. But you might remember this lyric from Swift’s “This Is Why We Can’t Have Nice Things,” which was also rumored to be about her “friendship” breakup with Kloss: “It was so nice throwing big parties / Jump into the pool from the balcony / Everyone swimming in a champagne sea.” A connection?? Possibly. But for me, the most interesting thing about this song is Swift’s refusal to capitalize “american” in the title, which is explicit proof that Taylor Swift is a communist. Fuck Marsha Blackburn! ACAB, comrade!!

exile” (feat. Bon Iver)

Okay, what’s weird to me is that the “B” and the “I” are still capitalized in “feat. Bon Iver,” despite every other letter on the album being lowercase. As a lowercase swiftie, this is displeasing to me. bon iver: Do you think you’re better than Taylor? You’re better than her album theme, her artistic vision, her ten Grammys? You’re better than all lowercase girls??? “exile” is weepy and cinematic in all the right ways, but the presence of a man on any Taylor Swift album is jarring enough. The added blow of bon iver’s blatant disrespect for lowercaseists (also known as anti-capitalists) is enough to push me over the edge.
“my tears ricochet”

“my tears ricochet” is everything. “my tears ricochet” is my personality, my religion, my scripture. “my tears ricochet” is the “Delicate” of folklore. It’s what “All Too Well” is to Red. When Taylor said, “And if I’m dead to you, why are you at the wake?” I threw my copy of The Bell Jar in the trash. When Taylor said, “You know I didn’t want to have to haunt you, but what a ghostly scene,” I wrote a scathing review of The Poltergeist on Amazon. When Taylor said, “You wear the same jewels that I gave you, as you bury me,” I launched my great-great-grandmother’s jewels into the sea. These texts, these films, these heirlooms? They’re no use to me now. There is just “my tears ricochet.”
“mirrorball”

The emotional terrorism continues: “I’ve never been a natural, all I do is try, try, try, I’m still on that trapeze, I’m still trying everything to keep you looking at me, because I’m a mirrorball.” This was very hurtful to me, a mirrorball. Yes, this song is likely about Swift feeling like she needs to mirror every version of herself that the public wants her to be, but it’s more likely about my own personal insecurities, my impostor syndrome, and my insatiable need for approval. The PsyOp is working — and I’m not gonna lie— being isolated in the woods without internet or any real life skills for the past 24 hours … isn’t helping either.
“seven”

You know what I didn’t need to stew about in my self-isolation echo chamber of trauma? The scars of my youth. “seven” is about the pureness of childhood friendship: “I think your house is haunted / your dad is always mad and that must be why / and I think you should come live with me / and we can be pirates, / then you won’t have to cry / or hide in the closet.” Like, I don’t need this right now. I don’t need to remember what it was like to have my youth ripped from my throat years ago or be to nostalgic for childhood emotional wounds. I’m good. This song is beautiful — but I’m good.
“august”

In a note to her fans, the inventor of forests wrote that folklore is a storytelling album for which she allowed her imagination to run wild while in isolation. By this point in the album, it’s clear that Swift is doing what many of has have done during pandemic: dissociating. While we’re all stuck in weird, dark apartments (Swift not included), the only vacations we’re afforded are the ones where we leave our bodies and live in stories, old journals, happy memories of beaches and sun-kissed romance and getting summertime wine-drunk. “august” is that fugue state: It’s beautiful, evocative, a successful astral projection.
“this is me trying”

After the high-octane Kids Bop feel of Lover, it’s relieving to hear Swift return to more haunting instrumentations. “this is me trying” has swirling strings, subtle horns, and — not an instrument— but can I just say, Taylor is becoming a reverb bitch. Both “this is me trying” and “The Archer” from Lover sound like they were recorded in a musty locker room. This one goes out to all the reverb lesbians — I know you’re out there.
“illicit affairs”

So, there is a theory, one that’s probably correct, that “illicit affairs” is one of three songs Swift referred to in a YouTube comment as “The Teenage Love Triangle.” All three songs are written from each person in the love triangle’s POV: “illicit affairs” being from the POV of girl who the boy cheated with, “betty” being from the POV of the boy, and “cardigan” being from the POV of Betty. I, however, cannot read, and thus do not have to accept this as canon (more on why, and more on “betty,” in a bit). Anyway, “illicit affairs” is about how having an affair and lying kills you “a million little times.” But as the meme goes, “I ain’t reading all that. I’m happy for u tho. Or sorry that happened.”
“invisible string”

This is everything I want out of a Taylor Swift song: strings being plucked, colors being painted, and the saccharine imagery of an “invisible string” pulling two unwitting strangers together. Taylor Swift invented String Theory, which if you didn’t know, is the scientific theory that soul mates are bound together by one invisible Swiftian String. Cut to: me in a ball on my floor, emotionally mangled, happy-sobbing about how grateful I am that the Swiftian String brought me and my girlfriend together.
“mad woman”

Female rage anthems like Alanis’s “You Oughta Know” and the Chicks’ “Goodbye Earl” blazed the scorched-earth trail for a song like “mad woman” to exist. You can feel Swift’s low-burbling fury leaking through her teeth when she sings, “What do you sing on your drive home? Do you see my face in the neighbor’s lawn? Does she smile? Or does she mouth, ‘Fuck you forever?’” This is one of Swift’s best songs and a literal misandrist anthem, but my fear is this: remember when we found out “You Oughta Know” was about … Joey from Full House? I’m worried we’re going to find out “mad woman” is about, like … Rainn Wilson. Praying it’s not.
“epiphany”

If “my tears ricochet” is to folklore what “Delicate” was to reputation, then “epiphany” is to folklore what “It’s Nice to Have a Friend” was to Lover, in that it’s the haunted doll hiding in your closet of the album. “epiphany” sounds like a choral arrangement of hexed porcelain dolls and is about witnessing trauma. In Swift’s liner notes, she wrote about her grandfather Dean “landing at Guadalcanal in 1942.” Fair warning: You only need to hear “epiphany” once for it to escape through a cracked mirror, stick to your skin, and sleep next to you in bed each night like an eldritch spirit.
betty

All of the blood in my body turned to stone at my first listen of “betty,” which SEEMS to be about Swift’s romance with a girl named “betty,” until she drops the name “James,” and then we’re meant to assume the song is from the perspective of this “man” named “James.” That doesn’t matter to me because, like I said, I can’t read. But sure, let’s pretend for a second that “betty” is from “James’s” POV. Some have mused that Swift was named after James Taylor, and thus James is her, and that Elizabeth is Karlie Kloss’s middle name, and thus Karlie is Betty. Some have noted that Swift used the names of her friend Blake Lively’s kids, James and Inez, who are both girls, for this song. I don’t care about that. Here’s what I care about: You know what’s gay? Creating a fictional male character and wearing him like an outfit to sing a song about kissing a girl. I don’t ever want to hear a woman singing about another woman, only to feel duped, like I’m waking up in Black Swan and have hallucinated all of the steamy lesbianism. For my full thoughts on “betty” please check out my book “betty” which will be released in 70 volumes over the course of the next 40 years. Betty. BETTY.
“peace”

IMO “peace” is about feeling like you’re simultaneously too much and never enough and wanting to be with somebody but knowing you’ll ruin their life by self-sabotaging and it’s also about romanticizing toxic and messy relationships and creating fantasies out of doom and gloom and heartbreak. Or something. It’s getting dark out and my meat supply ran out three days ago.
“hoax”

The PsyOp of incepting people on the brink of madness comes to a sweeping close in “hoax,” in which Swift finally punted me off the bridge of sanity. “hoax” is a song about heartbreak that rips your guts out, sort of like when you rip the guts out of a bear, clearing space in its body so you can sleep between its ribs because you’re trapped in an icy tundra without shelter. This is what happens in The Revenant, I think — as far as folklore aesthetics go, I identify as more of a Nell bitch than a Revenant slut. Woods-inspired art works best when helmed by queer (or queer-coded) women (@Nobody in particular @Justin Timberlake).
 

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Taylor Swift Becomes the First Artist to Get Simultaneous No. 1 Debuts for an Album and Song
By Justin Curto@justinmcurto
Photo: Dave J Hogan/Getty Images
Try this record on for size: Taylor Swift is the first artist to have simultaneous No. 1 debuts for an album on the Billboard 200 and song on the Hot 100 as “cardigan” joins folklore with a No. 1 entry. It’s her second No. 1 debut (since “Shake It Off”), her first No. 1 in three years (since “Look What You Made Me Do”), and her sixth No. 1 overall (also joining “We Are Never Ever Getting Back Together,” “Blank Space,” and “Bad Blood”). With “the 1” sitting at No. 4, she’s also the first woman with two simultaneous top-five debuts, joining Lil Wayne and recent record-tier Juice WRLD. (Neither of those cases, for what it’s worth, included two top-four debuts.) With “exile” at No. 6, she joins a select club of three top-ten debuts that also includes Drake, J. Cole, and Lil Uzi Vert. Bon Iver, meanwhile, is just happy to be here, logging his highest-ever chart position and first top ten with “exile.”
Swift’s surprise album folklore already posted the biggest debut of the year — and since, well, her last album, Lover, in 2019 — entering the albums chart with 846,000 units (including a strong 615,000 in album sales thanks to some merch bundles and special editions). She reacted to the news of her record’s record with a simple GIF of the Rock.



Aside from that shake-up, it’s more of the same on the Hot 100. Former No. 1s DaBaby and Roddy Ricch shift down to No. 2 with “Rockstar”; former No. 1 hopeful Jack Harlow is still at No. 3 with his packed “Whats Poppin” remix; former No. 1 the Weeknd is somehow still comfortably in the top five with “Blinding Lights.” And, in a fun bit of news, the top ten is rounded out by two songs with “Savage” in the title: Megan Thee Stallion and Beyoncé’s former No. 1 “Savage” remix and Jason Derulo’s new “Savage Love (Laxed — Siren Beat)” with producer Jawsh 685.
 

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Taylor Swift Wants You to Vote Early to Get President Trump Out of Office
By Devon Ivie@devonsaysrelax


Not today, teenage love triangle, because all of that Folklore has manifested itself into a legit call to action. Taylor Swift has issued another missive against Donald Trump on Saturday, this time criticizing the president for his ongoing efforts to sabotage mail-in voting and defund the USPS prior to the upcoming election. “Trump’s calculated dismantling of USPS proves one thing clearly: He is well aware that we do not want him as our president. He’s chosen to blatantly cheat and put millions of Americans’ lives at risk in an effort to hold on to power,” Swift wrote on Twitter. “Donald Trump’s ineffective leadership gravely worsened the crisis that we are in and he is now taking advantage of it to subvert and destroy our right to vote and vote safely. Request a ballot early. Vote early.”


Swift has notably become far more politically outspoken over the past year and a half, which began in June 2019, when Swift wrote how she “personally rejected” how the Trump administration has treated the LGBTQ community. That August, she admitted that she was reluctant to go public with political opinions due to the vast backlash (and subsequent blacklisting) the Chicks received when they criticized George W. Bush’s presidency in 2003. “I come from country music,” Swift said at the time. “The number one thing they absolutely drill into you as a country artist, and you can ask any other country artist this, is ‘Don’t be like the Dixie Chicks!’ I watched country music snuff that candle out.” This year, Swift would go on to condemn Trump for “stoking the fires of white supremacy and racism,” as well as voice her support for the ongoing Black Lives Matter movement.
 

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I know we discussed his already but WTF?!?!

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Happy ‘Taylor Swift Can Re-Record All Her Old Music Now’ Day
By Rebecca Alter@ralter

Cats red carpet pics count as “photos taken moments before a disaster.” Photo: Bruce Glikas/FilmMagic

Check under your pillow. Peek beneath the chimney. Did the “Taylor Swift Can Re-Record All Her Old Music Now Day” fairy leave you a little present? A cardigan perhaps?

Some paper rings?

Today is the start of November 2020, which means that Taylor Swift is contractually allowed to start re-recording her old music from her first five albums.

For those who don’t know why Swift would entertain the idea of doing this: In June 2019, Scooter Braun bought the rights to Swift’s back catalogue with her old label, Big Machine Records. Swift vocalized her distress at her songs being sold out from under her to someone she called an “incessant, manipulative” bully.

Later that summer, Swift confirmed that she planned to re-record her own masters so that she could take ownership of the new recordings, and said “my contract says that starting November 2020 — so next year — I can record albums one through five all over again,” on Good Morning America. November 2020 is today, so Swifties are rejoicing on Twitter with the trending hashtag, #TaylorIsFree.

Soon, we’ll hopefully be able to hear identical sound-alikes to the exact same songs we know and love, safe and snug in the knowledge that Scooter’s, uh, pressed? Owned? It’s Reputation-era petty and it’s fun and we support it.
 

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I know we discussed his already but WTF?!?!

9eb7aacae4439b7c65adafb5509e8a8348-GettyImages-1194391114.rvertical.w330.jpg


Happy ‘Taylor Swift Can Re-Record All Her Old Music Now’ Day
By Rebecca Alter@ralter

Cats red carpet pics count as “photos taken moments before a disaster.” Photo: Bruce Glikas/FilmMagic

Check under your pillow. Peek beneath the chimney. Did the “Taylor Swift Can Re-Record All Her Old Music Now Day” fairy leave you a little present? A cardigan perhaps?

Some paper rings?

Today is the start of November 2020, which means that Taylor Swift is contractually allowed to start re-recording her old music from her first five albums.

For those who don’t know why Swift would entertain the idea of doing this: In June 2019, Scooter Braun bought the rights to Swift’s back catalogue with her old label, Big Machine Records. Swift vocalized her distress at her songs being sold out from under her to someone she called an “incessant, manipulative” bully.

Later that summer, Swift confirmed that she planned to re-record her own masters so that she could take ownership of the new recordings, and said “my contract says that starting November 2020 — so next year — I can record albums one through five all over again,” on Good Morning America. November 2020 is today, so Swifties are rejoicing on Twitter with the trending hashtag, #TaylorIsFree.

Soon, we’ll hopefully be able to hear identical sound-alikes to the exact same songs we know and love, safe and snug in the knowledge that Scooter’s, uh, pressed? Owned? It’s Reputation-era petty and it’s fun and we support it.
That's dope for the artist

Wish De La Soul was able to do that
 

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Taylor Swift explains how re-recording her first six albums can 'improve upon' some of the songs

Swift discusses the "really amazing and fun adventure" of re-recording her earlier work on Good Morning America.
By Nick Romano
November 25, 2020 at 09:45 AM EST




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CREDIT: DIMITRIOS KAMBOURIS/GETTY IMAGES
As Taylor Swift dropped Folklore: The Long Pond Studio Sessions on Disney+, the singer also made known that she's currently re-recording her first six albums after music producer Scooter Braun had purchased her masters a year and a half ago without her blessing. In a new interview that aired on Good Morning America Wednesday, Swift describes the process as "a really amazing and fun adventure" that could "actually, possibly improve upon" some of her earlier songs.
"So far, of the ones I've recorded, I think it's been the most fun doing 'Love Story,' " Swift says of the track off her 2008 album Fearless. She explains, "The older music, my voice was so teenaged and I sometimes, when I hear my older music and my older young teenage voice, it makes me feel like I'm a different singer now. And so, it's been the most fun to re-record ones that I feel like I could actually, possibly improve upon the song. That's been a really amazing and fun adventure."

It was during a Good Morning America interview last year for the show's summer concert series where Swift said she would start re-recording the songs from her first six albums in early 2020. Braun recently sold her masters for reported millions earlier this month to a private equity company. In a statement to her fans released on social media, Swift made it clear that she attempted to buy back her masters from Braun but was met with an "ironclad NDA stating I would never say another word about Scooter Braun unless it was positive, before we could even look at the financial records of BMLG."
"I have recently begun re-recording my older music and it has already proven to be both exciting and creatively fulfilling," Swift wrote in her statement. "I have plenty of surprises in store. I want to thank you guys for supporting me through this ongoing saga, and I can't wait for you to hear what I've been dreaming up."
The singer is also still focusing on her latest album Folklore, which is the subject of a new concert film she surprise announced for Disney+. On Wednesday, Swift then revealed the deluxe edition album of her performances in Folklore: The Long Pond Studio Sessions.
 

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A “return on their investment” shouldn’t equal “I forever own everything you’ve ever created” though. The record companies have established a system of artistic indentured servitude.
That’s doesn’t make sense. The record company invest into an artist and fronts millions while also absorbing all the risk, in the form of equity.

If the artist wants a piece of the equity, they need to buy in. But they have to buy in at the value of the current portfolio. It is simple business 101
 

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Taylor Swift banner removed from Staples Center a year after L.A. Kings fans complained it was a jinx

By Sydney Bucksbaum
December 23, 2020 at 06:11 PM EST



The Taylor Swift "banner curse" for the Los Angeles Kings has hopefully been broken evermore.
CREDIT: KEVIN MAZUR/GETTY IMAGES

The banner honoring the pop star at the Staples Center has finally been removed after the hockey team's fans complained it was jinxing their performance. Swift originally received the banner in 2015 to celebrate her record of the most sold out shows at the stadium, and since the Kings won the Stanley Cup in 2012, made it to the conference finals in 2013, and won the Stanley Cup again in 2014, fans think it's no coincidence that the team hasn't won a playoff series since then. In fact, they recently held the title for the worst record in the Western Conference and the second-worst in the league.


Back in October 2019, the banner was covered up during home games after fan complaints. And now, over a year later, sports journalist Arash Markazi posted a photo on Twitter that confirmed the banner is finally gone, noting there is "no comment yet from AEG on the whereabouts of the Taylor Swift banner but it is no longer up at Staples Center."



"The connection to our fans is our highest priority and through our engagement, they have made it clear that the banner shouldn’t be part of their Kings game experience," Michael Altieri, senior VP of marketing, communications, and content for the Kings and AEG Sports, previously told the Los Angeles Times. "We didn’t see an issue in covering it for our games and in fact see it as an opportunity to show our fans that we hear them."
 

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Taylor Swift’s Rerecorded Releases Will Start With Fearless
By Zoe Haylock@zoe_alliyah
Taylor Swift Photo: Taylor Hill/FilmMagic

Grab your guitar and ball gown. Taylor Swift is ready to drop the first of her rerecordings. The pop star is taking it back to her country roots with the rerelease of “Love Story” at midnight. Swift announced the news on Good Morning America Thursday, revealing that her version of Fearless is all finished. The rerecording will feature six extra songs that were previously unreleased. “My version of Fearless will have 26 songs on it because I’ve decided to add songs from the vault, which are songs that almost made the original Fearless album, but I’ve now gone back and recorded those so that everyone will be able to hear not only the songs that made it on the album but the songs that almost made it,” she said. “The full picture.”

Swift unveiled the sepia-toned album cover on social media, along with a note reflecting on making this album as a teen and her decision to rerecord it after music manager Scooter Braun bought (and later sold) the rights to her first five albums. Since she can’t ever just have a moment, cryptographer Swift had to drop in an Easter egg. The random capitalized letters in her note appear to spell out “April Ninth,” hopefully when we can expect to see Fearless (Taylor’s Version) hit the airwaves. Fans obviously figured out her announcement before GMA went live, discovering new “TS” emoji on Twitter hashtags #ItsALoveStory, #FearlessTaylorsVersion, and #TaylorsVersion. “Love Story (Taylor’s Version)” was previewed in a Match.com ad starring Ryan Reynolds last year. It’s been 13 years and several albums since the release of Fearless, the album that sent unknowing fans on a lifelong code-breaking journey. At midnight, it’s time to start all over again.



 

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OK cuz...

we may finally have a definitive comprehensive breakdown...




Taylor Swift, intellectual property law, and due dilligence disasters

In 2005, 13-year-old aspiring country singer Taylor Swift signed a record deal with 0-year-old aspiring label Big Machine Records.
Under this 2005 agreement, Swift conveyed the ownership rights for the recordings of her (yet-to-be-produced) first six albums to Big Machine.

Swift produced these six albums between 2006 and 2017. The albums were wildly successful; Swift and Big Machine prospered together.
At the conclusion of this six-album deal, Swift and Big Machine negotiated briefly but failed to establish a new deal for additional records.

A rumored stumbling point in negotiations: Swift wanted to reacquire ownership of her six-album back catalog.
In 2019, Swift signed a new deal to release her future albums through Republic Records, leaving Big Machine in her rear view mirror.

Big Machine was a small label. Swift had been a v big fish in their small pond.

Big Machine still owned Swift's first six album recordings in perpetuity, but without an ongoing deal with Swift, Big Machine was a small firm with a yuge mostly-passive asset on its balance sheet.
In 2019, Big Machine Records was acquired by Ithaca Holdings, which is helmed by Scooter Braun, a music industry businessman.

Financial backing for this transaction was provided by the Carlyle Group, a private equity firm. The acquisition price was a reported $300 million.
I'm not sure how much of this $300 million valuation can be attributed to the recording rights for Swift's first six albums. I've seen estimates in the $100m-$200m range; this seems plausible.

(for comparison, the Beatles' recording rights are valued in the low ten figures.)
I'd love to know how the Carlyle Group thought about this transaction. What was their due diligence process? What risks did they identify w/r/t the value of the recordings of Swift's back catalog?

Whatever their dd was, I suspect they were surprised by what happened next.
Swift immediately condemned the deal, suggesting that Big Machine's management had cruelly denied her the opportunity to reacquire her own back catalog.

I think unhappy words from the artist are par for the course in a situation like this. But Swift ventured further and began doing real damage: She began to block all use of her back catalog in films and commercials.
But wait - if she doesn't own her old records, how can she block their use? Here's how:

In order to use a recorded song in a film, a filmmaker must acquire two different kinds of licenses.
First, a filmmaker must obtain a license to synchronize the song with visual imagery in the film - a "sync license".

A sync license is not for a particular recording, but for the abstract idea of the song itself.
A filmmaker needs a sync license even if the film isn't using a preexisting recording. A character in the film picks up a guitar and plays and sings a song themselves? Gotta get a sync license to put that song in the film.
Second, if a filmmaker wishes to use an existing recording of the song for which they have obtained sync rights, the filmmaker must obtain a "master use license" from the owner of the master/recording.
Master use rights originate with recording artists. Big Machine acquired Swift's rights as a recording artist, so they can grant master use licenses.

However, sync rights originate with songwriters, NOT recording artists.

So here's the big uh-oh for the Carlyle Group:
Who is a songwriter on every song in Swift's first six albums?

Yep, that's right: Taylor Swift. She doesn't own her old recordings, but she owns the abstract songs. And she has adopted a policy of saying "no" to all requests for sync licenses.
So - Swift has already inflicted notable economic damage on the owners of her old records.

But she's going even further:

Today, she released a completely new re-recording of her 2008 album "Fearless".

Fearless (Taylor's Version)Taylor Swift · Album · 2021 · 26 songs.
She can do this without Big Machine's consent b/c she owns the rights to the abstract songs. And the new recordings of the old songs are being released by Republic Records under a deal in which she retains ultimate ownership of the new recordings.
(As a sidenote, the new version of the album is excellent. It preserves the spirit of the original, but offers a more mature and refined vocal performance by Swift. And the post-loudness-war mastering of the new version is MUCH improved.)
Now Swift owns a recording of the Fearless album. When licensors come calling, she can offer both a sync license and a master use license for her new recording, cutting Big Machine out of the deal completely.
I can't help but ask myself - would someone *really* pay nine figures for a top tier artist's back catalog without wargaming this stuff out?

But wait -- it might get even worse.
We've talked about how two licenses are required for use of a recording in a film. It's true elsewhere, too.

When a song is made available on iTunes or Spotify, rights must be obtained (and royalties must flow) for both the songwriter and the record owner.
(a song license for film is called a "sync license", but a song license for vinyl, CD, or for spotify is called a "mechanical license", because reasons)
Now that Taylor has released a new version of Fearless, might she start refusing mechanical license rights for the public sale of the old version of the album, effectively removing it from the market completely?

I see no reason she *can't* do this.
If Swift re-records all her old albums and exercises her songwriter rights to effectively remove the old versions from the market, that means someone's 9-figure investment in her back catalog is completely fucked.
And I just wanna know - what the hell happened here?

It looks like the buyers failed to realize that their financial asset existed only at Swift's pleasure, so now she's exploiting their miscalculation, destroying the asset for fun and profit.

I can't help but root for her.
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addendum - while Swift can refuse to licence her songs for some uses (such as sync), @sctweak and @rtushnet point out that Swift is required by law to license many other uses.

So Swift cannot completely remove the old recordings from the market.


She cannot force the old recordings out of the market altogether, but she can bar them from film/tv use, and she can release new recordings of those old songs to compete against them for other uses.

The new Fearless is excellent, and I'm looking forward to more re-recording
 
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