Taylor Swift's dad 'made £12million' when Big Machine was sold to Scooter Braun

21 June 2024 , 21:51

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Scott Swift allegedly made money with Scooter Braun's deal

Taylor Swift was publicly upset when Scooter Braun brought her masters in 2019, but it seems that her family profited from the deal.

The two-part documentary about Taylor's feud with Scooter, Taylor Swift vs Scooter Braun: Bad Blood, was released on June 21. When Scooter brought the Big Machine record label, he also acquired the rights to Taylor's masters for her first six albums.

Taylor's side of the story is told in the first episode, while the second shows Scooter more favourably. In the second episode, some of the talking heads shared some information that those who weren't following the saga closely might not know.

READ MORE: Taylor Swift’s first purchase after signing a record deal was straight out of Mean Girls

Scott apparently made millions from the deal (Getty Images North America)

Taylor's dad is a shareholder in Big Machine (AFP via Getty Images)

Journalist and author Zing Tsjeng told the camera: "What was less reported at the time that she signed to Big Machine is that her dad also purchased a stake in Big Machine. So he purchased a reported 3% stake for the cost of something around $120,000 (about £94,800) which meant that Taylor’s dad was also involved in the running of Big Machine as a minority shareholder.”

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Scott Swift, Taylor's dad, who was a banker for Merrill Lynch, brought the share when Taylor was signed to the record label. So when the label was sold, Scott profited.

Neama Rahmani, a legal analyst and author said: “What’s interesting is that it's revealed that Scott Swift made $15.1 million (about £12million) when Big Machine was sold to Scooter Braun." This also brought into question things Taylor claimed at the time.

Taylor publicly battled with Scooter Braun over her masters

Taylor claimed she never had a chance to buy her masters and she didn’t know Scooter Braun would be buying them. These claims were apparently proved wrong in legal paperwork produced by Scott Borchetta.

"This adds a new dimension and people ask how could it be possible that Taylor didn’t know what was happening when her father was a shareholder of the Big Machine?” Neama asked.

Taylor gave a statement to the series that read: "Taylor has completely moved on from this saga and has turned what started out as an extreme situation into one of the most fulfilling creative endeavors of her life. None of these men will ever be able to take away from Taylor’s legacy as a songwriter, singer, director, philanthropist, and advocate for artists’ rights."

Tatiana Krisztina