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Taylor Swift Masters Dispute
In late 2019, American singer-songwriter Taylor Swift came in dispute with her former record label, Big Machine Records, its founder Scott Borchetta, and its new owner Scooter Braun, over the ownership of the masters of her first six studio albums. A highly publicized dispute that drew widespread media coverage, the issue led Swift to release the re-recorded albums—''Fearless (Taylor's Version)'', ''Red (Taylor's Version)'', ''Speak Now (Taylor's Version)'', and '' 1989 (Taylor's Version)''—from 2021 through 2024 to gain complete ownership of her music. In November 2018, Swift signed a record deal with Republic Records after her Big Machine contract expired. Mainstream media reported in June 2019 that Braun purchased Big Machine from Borchetta for $330 million, funded by various private equity firms. Braun had become the owner of all of the masters, music videos, and artworks copyrighted by Big Machine, including those of Swift's first six studio albums. In respon ...
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Taylor Swift
Taylor Alison Swift (born December 13, 1989) is an American singer-songwriter. Her discography spans multiple genres, and her vivid songwriting—often inspired by her personal life—has received critical praise and wide media coverage. Born in West Reading, Pennsylvania, Swift moved to Nashville at age 14 to become a country artist. She signed a songwriting deal with Sony/ATV Music Publishing in 2004 and a recording contract with Big Machine Records in 2005. Her 2006 self-titled debut album made her the first female country singer to write or co-write a U.S. platinum-certified album entirely. Swift's next albums, '' Fearless'' (2008) and '' Speak Now'' (2010), explored country pop. The former's " Love Story" and "You Belong with Me" were the first country songs to top the U.S. pop and all-genre airplay charts, respectively. She experimented with rock and electronic styles on ''Red'' (2012), which featured her first ''Billboard'' Hot 100 number-one song, "We Are Neve ...
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Copyright
A copyright is a type of intellectual property that gives its owner the exclusive right to copy, distribute, adapt, display, and perform a creative work, usually for a limited time. The creative work may be in a literary, artistic, educational, or musical form. Copyright is intended to protect the original expression of an idea in the form of a creative work, but not the idea itself. A copyright is subject to limitations based on public interest considerations, such as the fair use doctrine in the United States. Some jurisdictions require "fixing" copyrighted works in a tangible form. It is often shared among multiple authors, each of whom holds a set of rights to use or license the work, and who are commonly referred to as rights holders. These rights frequently include reproduction, control over derivative works, distribution, public performance, and moral rights such as attribution. Copyrights can be granted by public law and are in that case considered "territorial righ ...
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Ethics
Ethics or moral philosophy is a branch of philosophy that "involves systematizing, defending, and recommending concepts of right and wrong behavior".''Internet Encyclopedia of Philosophy'' The field of ethics, along with aesthetics, concerns matters of value; these fields comprise the branch of philosophy called axiology. Ethics seeks to resolve questions of human morality by defining concepts such as good and evil, right and wrong, virtue and vice, justice and crime. As a field of intellectual inquiry, moral philosophy is related to the fields of moral psychology, descriptive ethics, and value theory. Three major areas of study within ethics recognized today are: # Meta-ethics, concerning the theoretical meaning and reference of moral propositions, and how their truth values (if any) can be determined; # Normative ethics, concerning the practical means of determining a moral course of action; # Applied ethics, concerning what a person is obligated (or permitted) to do ...
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Private Equity
In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a type of ownership of assets ( financial equity) and is a class of assets (debt securities and equity securities), which function as modes of financial management for operating private companies that are not publicly traded in a stock exchange. Private-equity capital is invested into a target company either by an investment management company (private equity firm), or by a venture capital fund, or by an angel investor; each category of investor has specific financial goals, management preferences, and investment strategies for profiting from their investments. Each category of investor provides working capital to the target company to finance the expansion of the company with the development of new products and services, the restructuring ...
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Intellectual Property
Intellectual property (IP) is a category of property that includes intangible creations of the human intellect. There are many types of intellectual property, and some countries recognize more than others. The best-known types are patents, copyrights, trademarks, and trade secrets. The modern concept of intellectual property developed in England in the 17th and 18th centuries. The term "intellectual property" began to be used in the 19th century, though it was not until the late 20th century that intellectual property became commonplace in the majority of the world's legal systems."property as a common descriptor of the field probably traces to the foundation of the World Intellectual Property Organization (WIPO) by the United Nations." in Mark A. Lemley''Property, Intellectual Property, and Free Riding'', Texas Law Review, 2005, Vol. 83:1031, page 1033, footnote 4. The main purpose of intellectual property law is to encourage the creation of a wide variety of intellectual goo ...
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Record Chart
A record chart, in the music industry, also called a music chart, is a ranking of Sound recording and reproduction, recorded music according to certain criteria during a given period. Many different criteria are used in worldwide charts, often in combination. These include record sales, the amount of radio airplay, the number of music download, downloads, and the amount of streaming media, streaming activity. Some charts are specific to a particular musical genre and most to a particular geographical location. The most common period covered by a chart is one week with the chart being printed or broadcast at the end of this time. Summary charts for years and decades are then calculated from their component weekly charts. Component charts have become an increasingly important way to measure the commercial success of individual songs. A common format of radio and television programmes is to run down a music chart. Chart hit A ''chart hit'' is a recording, identified by its inclu ...
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Music Streaming Service
A music streaming service is a type of streaming media service that focuses primarily on music, and sometimes other forms of digital audio content such as podcasts. These services are usually subscription-based services allowing users to stream digital copyright restricted songs on-demand from a centralized library provided by the service. Some services may offer free tiers with limitations, such as advertising and limits on use. They typically incorporate a recommendation engine to help users discover other songs they may enjoy based on their listening history and other factors, as well as the ability to create and share public playlists with other users. Streaming services saw a significant pace of growth in the mid-2010s, overtaking music stores as the largest revenue stream of digital music. Streaming services, along with streams of music-related content on video sharing platforms, were incorporated into the methodologies of major record charts. The "album-equivalent unit" w ...
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Record Sales
Record sales or music sales are activities related to selling music recordings (albums, single (music), singles, or music video#Commercial release, music videos) through physical record shops or digital music store. Record sales reached the peak in 1999, when 600 million people spent an average of $64 in buying records, bringing a total of $40 billion sales of recorded music. Sales continued declining in the 21st century. The collapse of record sales also made artists rely on concert tour, touring for most of their income. By 2019, record sales had accounted for less than half of global recorded music revenue, overtaken by music streaming, streaming. Following the inclusion of streaming into record charts in the mid-2010s, record sales are also referred to as traditional sales or pure sales. According to ''Guinness World Records'', Michael Jackson's 1982 album ''Thriller (Michael Jackson album), Thriller'' remains the best-selling album in history, with an estimated 66 millio ...
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Equity Partner
A partnership is an arrangement where parties, known as business partners, agree to cooperate to advance their mutual interests. The partners in a partnership may be individuals, businesses, interest-based organizations, schools, governments or combinations. Organizations may partner to increase the likelihood of each achieving their mission and to amplify their reach. A partnership may result in issuing and holding equity or may be only governed by a contract. History Partnerships have a long history; they were already in use in medieval times in Europe and in the Middle East. According to a 2006 article, the first partnership was implemented in 1383 by Francesco di Marco Datini, a merchant of Prato and Florence. The Covoni company (1336-40) and the Del Buono-Bencivenni company (1336-40) have also been referred to as early partnerships, but they were not formal partnerships. In Europe, the partnerships contributed to the Commercial Revolution which started in the 13th cent ...
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Shamrock Holdings
Shamrock Holdings, or Shamrock, is a private equity firm founded as the Roy E. Disney family's investment firm; the Disney family remains its sole investor. Shamrock is a private corporation, and is fully owned by the estate of Roy E. Disney. Disney was the chairman of Shamrock, and Stanley Gold was its president and CEO. Shamrock assets include hotels and radio and television stations. Shamrock often takes an aggressive strategy, launching hostile takeovers. History Shamrock Holdings Inc. (SHI) was founded in 1978 as an investment company by Roy E. Disney.Johnson, Greg. (September 28, 2005)Roy Disney-Led Fund Buys 80% of Harlem Globetrotters Los Angeles Times. Retrieved on April 21, 2014. Shamrock then started buying television and radio stations. In the mid-1980s, SH moved into other industries.Apodaca, Patrice. (October 20, 1992)Shamrock to Expand Presence in Radio Los Angeles Times. According to Reuters, in 1984 Shamrock held 1,428,061 (or just over 4%) of all Disney stock. ...
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Investment Company
An investment company is a financial institution principally engaged in holding, managing and investing securities. These companies in the United States are regulated by the U.S. Securities and Exchange Commission and must be registered under the Investment Company Act of 1940. Investment companies invest money on behalf of their clients who, in return, share in the profits and losses. Investment companies are designed for long-term investment, not short-term trading. Investment companies do not include brokerage companies, insurance companies, or banks. In United States securities law, there are at least three types of investment companies: * Open-End Management Investment Companies (mutual funds) *Face amount certificates companies: very rare. *Management companies * Closed-End Management Investment Companies ( closed-end funds) * UITs (unit investment trusts): only issue redeemable units. In general, each of these investment companies must register under the Securities Ac ...
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Live From Clear Channel Stripped 2008
''Live from Clear Channel Stripped 2008'' is the second live album featuring songs by American singer-songwriter Taylor Swift, released by Big Machine Records on April 24, 2020, without Swift's approval. It was recorded in 2008 but only released after the masters to her older music had changed hands in a 2019 purchase of Big Machine by American media proprietor Scooter Braun. Swift denounced ''Live from Clear Channel'' on her social media accounts, calling it "shameless greed in the time of coronavirus" and asked fans not to buy or stream the album. Earning only 33 units in its first week in the United States, the live album was unsuccessful, and did not enter any official chart worldwide. Background and release The album was recorded shortly after the beginning of Swift's professional career, while she was promoting her second studio album, ''Fearless'' (2008). The album is composed of songs from her first two studio albums and her second EP, '' Beautiful Eyes'' (2008). ...
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