The Butterscotch Don has found a new home that will pay to keep her and her cats in the Candyland Palace lifestyle they’ve grown accustomed. Team Taylor Swift revealed earlier today they were leaving Big Machine Records for a new recording deal with Universal Music Group. The new deal will have her under the Republic Records label for future U.S. albums, which is the same home to Ariana Grande, Nicki Minaj, and a group the website tells me is called Thunderpussy. Wouldn’t that be a gas if the Haim sisters squad slots get dropped for Thunderpussy??
Variety says the terms of Tay’s new deal aren’t known. But Taylor posted on her Tumblr page that she’s going to own all her master recordings and that Universal is going to pay out shares to artists of what it makes off an expected sale of its equity in Spotify. Needless to say, it sounds like it’d be good to be on the receiving end of a TSwift Christmas present this year.
“There was one condition that meant more to me than any other deal point. As part of my new contract with Universal Music Group, I asked that any sale of their Spotify shares result in a distribution of money to their artists, non-recoupable. They have generously agreed to this, at what they believe will be much better terms and paid out previously by other major labels. I see this is a sign that we are headed toward positive change for creators – a goal I’m never going to stop trying to help achieve, in whatever ways I can.”
I’m sure everyone on Spotify loves knowing Taylor Swift can now hold this over their ass in coming years. As for what happens to Taylor’s old label, it sounds like they still have a few big names under the Big Machine label like Florida Georgia Line as well as the catalog of all of Taylor’s old music. Naturally, that means founder Scott Borchetta is doing what any rational human would do: put that thing up for sale! Have a big ol’ vacation once you do sell that thing, Scott. Just make sure whatever all-inclusive resort you go to knows the last thing you want to hear at the swim-up bar is “Bad Blood,” and you’re good to go!