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Post by Johnkenn on Jun 30, 2019 19:10:20 GMT -6
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Post by Johnkenn on Jun 30, 2019 19:15:57 GMT -6
And while I get the whole thing where labels and publishers set up draconian deals - believe me I know first hand. But she also wouldn’t be where she is now without BMLG.
I can only imagine what Taylor’s catalog is worth considering it’s worth multiples of what it’s worth right now. Like sometimes up to 20 x’s its value at the present moment. Maybe I misread, but I thought I saw where Brain bought the entire label for $300 million...I would have thought TS’s catalog was worth more than that alone. Why not be a silent partner in a group that bid on the label? Just don’t understand.
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Post by jeremygillespie on Jun 30, 2019 21:07:34 GMT -6
I thought Taylor’s dad owned half that label. Am I totally off
base on that?
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Post by jeremygillespie on Jul 1, 2019 6:57:30 GMT -6
And while I get the whole thing where labels and publishers set up draconian deals - believe me I know first hand. But she also wouldn’t be where she is now without BMLG. I can only imagine what Taylor’s catalog is worth considering it’s worth multiples of what it’s worth right now. Like sometimes up to 20 x’s its value at the present moment. Maybe I misread, but I thought I saw where Brain bought the entire label for $300 million...I would have thought TS’s catalog was worth more than that alone. Why not be a silent partner in a group that bid on the label? Just don’t understand. Probably so she can play the “poor me” role and write songs about it and make even more money. She’s played that role for most of her career and it works. |
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Post by Johnkenn on Jul 1, 2019 7:06:46 GMT -6
I thought Taylor’s dad owned half that label. Am I totally off base on that? I had just heard he brought a butt load of “assured sales” to the table on the first record. Maybe that’s just bad rumor. Sounds like a shrewd business move to me. |
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Post by Johnkenn on Jul 1, 2019 7:50:18 GMT -6
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Post by swurveman on Jul 1, 2019 8:17:11 GMT -6
I thought Taylor’s dad owned half that label. Am I totally off base on that? According to wiki: "Scott Swift [Taylor Swift’s father] owns three percent of Big Machine". |
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Post by swurveman on Jul 1, 2019 8:19:55 GMT -6
And while I get the whole thing where labels and publishers set up draconian deals - believe me I know first hand. But she also wouldn’t be where she is now without BMLG. I can only imagine what Taylor’s catalog is worth considering it’s worth multiples of what it’s worth right now. Like sometimes up to 20 x’s its value at the present moment. Maybe I misread, but I thought I saw where Brain bought the entire label for $300 million...I would have thought TS’s catalog was worth more than that alone. Why not be a silent partner in a group that bid on the label? Just don’t understand. Probably so she can play the “poor me” role and write songs about it and make even more money. She’s played that role for most of her career and it works. While that may be true, I don't listen to her music, I know that she is an influential voice for her generation of women and perhaps older and younger one's as well. My 34 year old stepdaughter has been very impressed how she is becoming politically and socially active. |
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Post by johneppstein on Jul 1, 2019 13:52:30 GMT -6
It's a Cardassian invasion! Where's the Federation? |
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Post by jeromemason on Jul 1, 2019 18:21:02 GMT -6
I feel for her though. I've seen what those guys do to artist's and especially with females and especially when females were not dominating the charts and were struggling to be heard. Taylor came at the wrong time. She came when girls were being massively overlooked because of dirt road country and good ole' boys dominating. Today, if Taylor were to come out of no where, she'd own those masters and would be worth a hell of a lot more than she is.
Then that little Beiber acting like he know's what it's like to be a female in the working world. I'm not getting into politics or trying to go off base here, but I know if there is one thing that's for sure, it's that equality in the workplace, no matter if you're famous super star or an insurance account manger like my wife, guys always get paid more for the same work and it's true stain on our image as a country, down right sickening. My wife is insanely talented, works her ass off and she's so undervalued it makes me sick. A quick way to find out this, on Glassdoor you can see what a job title is worth, you can plug in experience and education etc. it'll spit out an average based on your location to the national average salary for that position. My wife makes $20,000 a year under that average, but, in the comments all these women are bitching that number can't be right and the occasional male that pops in thinks it's right on the "money." Just sad.
Sorry, I had to vent because it's really sad that we as a country still haven't gotten that figured out. I don't identify with either political party in this country anymore either so that's honestly coming from an independent point of view. Hopefully it doesn't cause a damn political debate, but I'd really love to see income inequality fixed in this country right alongside with royalty payouts, it's just as sad.
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Post by Johnkenn on Jul 2, 2019 12:14:55 GMT -6
I completely disagree with what you're saying. Taylor was the biggest name in music - male or female. Looks like she's completely misleading the public. www.bigmachinelabelgroup.com/news/so-its-time-some-truth?fbclid=IwAR3udwhjRYkl_GfJ6lwSg3AyKIkEOYI87wZynzgc41lqDED3WOEDrFjenNsSo, it’s time for some truth… In regard to a post earlier today from Taylor, it’s time to set some things straight. Taylor’s dad, Scott Swift, was a shareholder in Big Machine Records, LLC. We first alerted all of the shareholders on Thursday, June 20th for an official shareholder’s call scheduled for Tuesday, June 25th. On the 6/25 call the shareholders were made aware of the pending deal with Ithaca Holdings and had 3 days to go over all of the details of the proposed transaction. We then had a final call on Friday, June 28th in which the transaction passed with a majority vote and 3 of the 5 shareholders voting ‘yes’ with 92% of the shareholder’s vote. Out of courtesy, I personally texted Taylor at 9:06pm, Saturday, June 29th to inform her prior to the story breaking on the morning of Sunday, June 30th so she could hear it directly from me. I guess it might somehow be possible that her dad Scott, 13 Management lawyer Jay Schaudies (who represented Scott Swift on the shareholder calls) or 13 Management executive and Big Machine LLC shareholder Frank Bell (who was on the shareholder calls) didn’t say anything to Taylor over the prior 5 days. I guess it’s possible that she might not have seen my text. But, I truly doubt that she “woke up to the news when everyone else did”. I am attaching a few very important deal points in what was part of our official last offer to Taylor Swift to remain at Big Machine Records. Her 13 Management team and attorney Don Passman went over this document in great detail and reported the terms to her in great detail. Taylor and I then talked through the deal together. As you will read, 100% of all Taylor Swift assets were to be transferred to her immediately upon signing the new agreement. We were working together on a new type of deal for our new streaming world that was not necessarily tied to ‘albums’ but more of a length of time. We are an independent record company. We do not have tens of thousands of artists and recordings. My offer to Taylor, for the size of our company, was extraordinary. But it was also all I could offer as I am responsible for dozens of artists’ careers and over 120 executives and their families. Taylor and I remained on very good terms when she told me she wanted to speak with other record companies and see what was out there for her. I never got in her way and wished her well. The morning that the new Taylor/UMG announcement was going to be made, she texted me shortly before letting me know that the announcement was coming in a few minutes. As we both posted on our socials, we saluted each other and cheered each other on. Taylor had every chance in the world to own not just her master recordings, but every video, photograph, everything associated to her career. She chose to leave. As to her comments about ‘being in tears or close to it’ anytime my new partner Scooter Braun’s name was brought up, I certainly never experienced that. Was I aware of some prior issues between Taylor and Justin Bieber? Yes. But there were also times where Taylor knew that I was close to Scooter and that Scooter was a very good source of information for upcoming album releases, tours, etc, and I’d reach out to him for information on our behalf. Scooter was never anything but positive about Taylor. He called me directly about Manchester to see if Taylor would participate (she declined). He called me directly to see if Taylor wanted to participate in the Parkland March (she declined). Scooter has always been and will continue to be a supporter and honest custodian for Taylor and her music. This is the text Taylor sent to me on Monday, November 19th at 8:57am: Scott, I hope this finds you well. Since communication ran dry on our negotiations, I’ve done what I told you I would do and gone out exploring other options. Owning my masters was very important to me, but I’ve since realized that there are things that mean even more to me in the bigger picture. I had a choice whether to bet on my past or to bet on the future and I think knowing me, you can guess which one I chose. I also saw a rare opportunity to effect positive change for a lot of other artists with the leverage I have right now. I know you believe in the same things I do and I’d like to think you would be proud of what I’ve negotiated for in my deal. I wanted to tell you first that I’ll be signing with Lucian. I honestly truly cherish everything you and I have built together and I plan on saying so in my announcement of the new deal. What we accomplished together will be a lasting legacy and a case study on excellent partnerships, and may it continue. I still view you as a partner and friend and I hope you feel the same. Sending you a hug and my most sincere gratitude. And SO much love, Taylor Here is the text I sent on the evening of June 29 at 9:05pm: Dear Taylor, Hope all is well and congratulations on the success of your first two singles from “Lover”! I can’t wait to hear the entire album… I wanted to pass along to you the same courtesy that you passed along to me in regard to my future. Tomorrow morning (Sunday, June 30th) at 10a central, the Wall Street Journal will announce that I am entering into a merger/acquisition with Scooter Braun and Ithaca Holdings. This move will give us more pop culture super-power than ever before and I’m so excited about the future. I want you to know that I will continue to be the proud custodian of your previous works and will continue to keep you and your team abreast of all future plans for releases of you work. Nothing but the best, Scott |
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Post by jeremygillespie on Jul 2, 2019 20:17:23 GMT -6
I don’t feel bad for her at all. She’s got more money than all of us put together, so I don’t really see how income inequality relates to her. Should she have 400 million instead of 300 million? Who cares....
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Post by Johnkenn on Jul 2, 2019 20:57:58 GMT -6
It’s not like they’re thieving her income. First, she and her father negotiated the contracts, second, she was offered a way to get all of it back...for whatever reason she chose not to...and lastly - did everyone forget about the MASSIVE publishing and performance royalties she still makes for all of that material? I just read something saying this little blowup made her old catalog blow up in sales.
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Post by Bob Olhsson on Jul 3, 2019 15:46:30 GMT -6
Doesn't Sony have her publishing?
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Post by Johnkenn on Jul 3, 2019 20:05:37 GMT -6
Doesn't Sony have her publishing? I’m sure she has renegotiated her publishing deal multiple times. I’d be shocked if Sony has more than 10% of it. |
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Post by Bob Olhsson on Jul 3, 2019 20:20:36 GMT -6
I'd imagine. She was the youngest person ever signed to Sony and that was before the record deal.
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Post by Johnkenn on Jul 4, 2019 9:46:51 GMT -6
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Post by drbill on Jul 4, 2019 20:37:57 GMT -6
The only thing I feel sorry for her about is that she has to be Taylor Swift.
I certainly don't feel sorry that her net worth is only close to half a billion dollars before she's even 30.
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Post by Johnkenn on Jul 5, 2019 17:54:00 GMT -6
I have an acquaintance that is in catalog/rights sales or whatever it's called. Saw that he said Borchetta was stretching the truth a little with that blog post. I would imagine he meant that the terms offered to TS to buy back were ridiculous. Which is probably true.
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Post by yotonic on Jul 5, 2019 20:04:54 GMT -6
Taylor is looking 20 years ahead. She knows that the future of music is in flux and that changes will come even faster and with greater complexity. She wants to make sure she has a seat on the "Gatekeepers Express".
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Post by notneeson on Jul 13, 2019 17:38:31 GMT -6
I feel for her though. I've seen what those guys do to artist's and especially with females and especially when females were not dominating the charts and were struggling to be heard. Taylor came at the wrong time. She came when girls were being massively overlooked because of dirt road country and good ole' boys dominating. Today, if Taylor were to come out of no where, she'd own those masters and would be worth a hell of a lot more than she is. Then that little Beiber acting like he know's what it's like to be a female in the working world. I'm not getting into politics or trying to go off base here, but I know if there is one thing that's for sure, it's that equality in the workplace, no matter if you're famous super star or an insurance account manger like my wife, guys always get paid more for the same work and it's true stain on our image as a country, down right sickening. My wife is insanely talented, works her ass off and she's so undervalued it makes me sick. A quick way to find out this, on Glassdoor you can see what a job title is worth, you can plug in experience and education etc. it'll spit out an average based on your location to the national average salary for that position. My wife makes $20,000 a year under that average, but, in the comments all these women are bitching that number can't be right and the occasional male that pops in thinks it's right on the "money." Just sad. Sorry, I had to vent because it's really sad that we as a country still haven't gotten that figured out. I don't identify with either political party in this country anymore either so that's honestly coming from an independent point of view. Hopefully it doesn't cause a damn political debate, but I'd really love to see income inequality fixed in this country right alongside with royalty payouts, it's just as sad. Right on, Jerome. |
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