Shamrock Capital Content Fund, the investment fund that purchased Taylor Swift‘s master recordings from Scooter Braun, has released a statement after news of the purchase went public.
The fund reportedly paid north of $300 million to purchase Taylor‘s masters from her days at Big Machine Label Group.
In a letter that she wrote to fans, Taylor said that she attempted to buy the masters from Scooter and then she even considered partnering with Shamrock, until she found out that Scooter would still profit from her music under the deal with Shamrock.
Now, Shamrock has provided this statement to JustJared.com:
“Taylor Swift is a transcendent artist with a timeless catalog. We made this investment because we believe in the immense value and opportunity that comes with her work. We fully respect and support her decision and, while we hoped to formally partner, we also knew this was a possible outcome that we considered. We appreciate Taylor’s open communication and professionalism with us these last few weeks. We hope to partner with her in new ways moving forward and remain committed to investing with artists in their work.”
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