By , Taylor Swift warned of a “potentially harmful force” in the music industry as she reignited her feud with prominent talent manager Scooter Braun. The pop superstar was named woman of the decade by Billboard and used her acceptance speech to discuss the sale of her back catalogue.
Braun’s company, Ithica Holdings, bought Swift’s first record label in a deal reportedly worth more than 300 million US dollars, about £222 million.
The deal – which Swift furiously opposed – gave Braun the rights to Swift’s first six albums.
During her acceptance speech in Los Angeles on Thursday, Swift warned of a “new shift” that is a “potentially harmful force in our industry”.
She said: “As your resident loud person, I feel the need to bring it up. That is the unregulated world of private equity coming in and buying up our music as if it is real estate, as if it’s an app or a shoe line.
“This just happened to me without my approval, consultation or consent.”
Swift, who celebrates her 30th birthday on December 13, said she was told the deal to buy her back catalogue was funded by “the Soros Family, 23 Capital and the Carlyle Group”.
She added: “Yet to this day, none of these investors have bothered to contact me or my team directly to perform their due diligence on their investment.
“On their investment in me, to ask how I might feel about the new owner of my art. The music I wrote. The videos I created. Photos of me, my handwriting, my album designs.”
Swift, who signed with Big Machine Records as a teenager before switching to Universal Music Group last year, again insisted she had not been given the opportunity to buy her own back catalogue.
Braun’s clients include Justin Bieber and Ariana Grande. He said he and his family have received death threats since his row with Swift went public.
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