When Taylor Swift announced that she had repurchased the rights to her songs, her fans went crazy.
In a handwritten note posted on her website, the Grammy winner wrote, “To say this is my greatest dream come true is actually being pretty reserved about it.”
The Bad Blood singer claimed that having the rights to all of her songs has made her life so much more joyful that she has been crying uncontrollably.
Big Machine Records was the first to release her catalog of recordings, which Swift bought. Closing the sale has taken her six years.
For an undisclosed nine-figure sum, she purchased those six albums and related images from Shamrock Capital, their most recent owner.
The recent estimate of “between $600 million and $1 billion” for the buy-back arrangement, according to people familiar with the contract negotiations, is “highly inaccurate.”
