A-pop-calypse Now: A war of words between Taylor Swift, Scooter Braun and Big Machine's Scott Borchetta has caused pop stars to pick sides over Braun's acquisition of Big Machine. What the hell happened?
The situation has gotten messier over the logistics of a phone call about the acquisition that occurred on June 25th. Since the singer’s father, Scott Swift, is also a shareholder, it was immediately assumed that he would be on the phone call. A representative for Swift that Scott Swift was not on the call “due to a very strict NDA.” The rep added that “her dad did not join that call because he did not want to be required to withhold information from his own daughter.
Late on Sunday, Borchetta, who typically does not publicize details of his negotiations, finally responded to Swift’s accusations with his own blog postHis timeline confirms the June 25th phone call between the Big Machine shareholders and Braun’s Ithaca Holdings. According to Borchetta, there was a final call on June 28th, which allowed the shareholders to have three days to go over the transaction and then vote, with three of the five shareholders voting “yes” for the deal.
Borchetta further claimed that he had sent Swift a courtesy text ahead of the announcement on June 29th at 9:05pm, which he pasted in his blog post. Borchetta believes that with the near week of notice as well as the alleged courtesy text, it would have been nearly impossible for Swift to have had no prior knowledge of Braun’s acquisition of Big Machine.
Borchetta pasted a text that he claims Swift sent him just moments before her Republic/UMG deal was announced. “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,” Swift allegedly wrote, referring to the portion of her deal that would affect how all artists under UMG recoup shares from Spotify.
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