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Billionaire Taylor Swift pays eye-watering sum to snatch back her music empire
Taylor Swift has beamed 'all my music I've ever made now belongs to me' after spending 'millions' buying back her master recordings - six years after they were snatched away from her.
But in a hand-written letter posted on her website, Taylor, who is worth over $1billion, claims the money she made from her lucrative Eras tour last year has helped bankroll the purchase of her old material and 'her entire life's work'. Justin Bieber's old manager Scooter controversially acquired the rights to Taylor's material for S300million after buying her old record label, Big Machine Media, in 2019 before selling them on to Shamrock Capital for profit. The Love Story singer, who branded Scooter a 'bully' for tactics, was unaware of his plan and also claimed when she previously approached Big Machine label head Scott Borchetta about buying her masters beforehand, he allegedly would only sell her them one at a time, starting from her earliest, least-profitable recordings.
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