We’re not in Nashville anymore. Taylor Swift has ficially left her Music Row roots behind, saying that she’s departed Big Machine Records (her label since 2006) for Universal Music Group’s Republic Records. Swift’s contract together with her previous label (itself a UMG imprint) expired this month, making her a free agent available on the market for multi-multi-multi-millions. It’s not recognized how a lot Swift truly raked in in the long run, however she’s going to now personal her personal masters going ahead beneath the multi-year, multi-album settlement. But the important thing half her new deal has much less to do with Swift herself however the business writ massive. One stipulation Swift’s contract states that if UMG sells any its shares in Spotify, which went public in April, that cash should be redistributed to the label’s artists and may’t be recouped; Swift says UMG “generously agreed” to these phrases.
She reportedly prioritized that facet the deal as an alternative negotiating for possession her previous masters or an even bigger money advance. In the previous, Swift eliminated her music from Spotify over the service’s unfair compensation to songwriters. She additionally famously blacklisted Apple Music when it launched, writing a strongly worded open letter to the corporate over its failure to pay artists and songwriters in the course of the trial interval. Swift has since blessed each companies together with her music after they met her on her phrases. Because always remember: This is Taylor’s music world, everybody else is simply residing in it.