Braun says he “learned an important lesson.”
for the Woman of the Decade award to call out the men who had purchased her masters without her consent. Specifically, she called out music manager and mogul Scooter Braun, whose holdings company acquired Big Machine Music Group and the rights to Swift’s first six albums, leading to her to re-record and re-release them .
"Lately there's been a new shift that has affected me personally, and that I feel is a potentially harmful force in our industry,” she said at the event. “And as your resident loud person, I feel the need to bring it up. And that is the unregulated world of private equity, coming in and buying up our music as if its real estate. As if it's an app, or a shoeline. This just happened to me without my approval, consultation or consent.
“I learned an important lesson from [the Big Machine acquisition],” Braun said. “When I did that deal, I was under a very strict NDA with the gentleman who owned it, and I couldn’t tell any artist. I wasn’t allowed to. I wasn’t legally allowed to. What I told him was, ‘Hey, if any of the artists want to come back and buy into this, you have to let me know.
He continued: “I was excited to work with every artist on the label. So when we finalized the deal, I started making phone calls to say, hey, I’m a part of this. And before I could even do that – I made four phone calls; I started to do those phone calls – all hell broke loose. So I think a lot of things got lost in translation. I think that when you have a conflict with someone, it’s very hard to resolve it if you’re not willing to have a conversation.
Braun concluded by saying, “So I choose to look at it as a learning lesson, a growing lesson, and I wish everyone involved well. And I’m rooting for everyone to win because I don’t believe in rooting for people to lose.”
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