Taylor Swift dumps Big Machine Records

Taylor Swift is moving on.
The singer revealed on Monday that she will be switching record labels, from Big Machine Label Group to Universal Music Group and Republic Records. She will also now own her master recordings for any future music. Part of the deal included helping other artists receive money for their Spotify streams. "I see this as a sign that we are headed towards positive change for creators – a goal I'm never going to stop trying to help achieve," Swift wrote in an Instagram post.
The condition on UMG's Spotify shares: "any sale of Spotify shares result in a distribution of money to their artists, non-recoupable," means that benefits from Spotify sales shares do not go against an artist's debt, said The Guardian. Music lawyer Gregory Pryor told The Guardian that although the agreement is not radical, Swift using it as an opportunity to help other artists is.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Swift has been an advocate for streaming services paying artists before. In 2015, Swift wrote a letter refusing to put her album 1989 on Apple Music. She asked the company to pay artists during their three month free trial period, which Apple Music eventually agreed to do.
Her last album, reputation, was her last under contract with BMLG, her label since 2006. BMLG was heavily negotiating to keep Swift signed on, Billboard wrote in August. Swift's sales and streaming account for 34.6 percent of BMLG's revenue, and her masters reportedly could be worth hundreds of millions of dollars over their lifetime. BLMG founder Scott Borchetta discovered Swift in a cafe in Nashville before he had even started the label. In her announcement, Swift thanked Borchetta "for believing in me as a 14-year-old and for guiding me through over a decade of work."
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
-
ICE agents take down Lady Justice | June 21 editorial cartoons
Cartoons Saturday’s political cartoons include ICE, Donald Trump as a lion tamer, and ordering from the Bible
-
5 editorial cartoons about ICE raids
Cartoons Political cartoonists take on ICE raids, harvesting Big Macs for Donald Trump, and what to do when Stephen Miller shows up at the front door
-
Grilled radicchio with caper and anchovy sauce recipe
The Week Recommends Smoky twist on classic Italian flavours is perfect to grill, drizzle and devour
-
Economists fear US inflation data less reliable
speed read The Labor Department is collecting less data for its consumer price index due to staffing shortages
-
Crypto firm Coinbase hacked, faces SEC scrutiny
Speed Read The Securities and Exchange Commission has also been investigating whether Coinbase misstated its user numbers in past disclosures
-
Starbucks baristas strike over dress code
speed read The new uniform 'puts the burden on baristas' to buy new clothes, said a Starbucks Workers United union delegate
-
Warren Buffet announces surprise retirement
speed read At the annual meeting of Berkshire Hathaway, the billionaire investor named Vice Chairman Greg Abel his replacement
-
Trump calls Amazon's Bezos over tariff display
Speed Read The president was not happy with reports that Amazon would list the added cost from tariffs alongside product prices
-
Markets notch worst quarter in years as new tariffs loom
Speed Read The S&P 500 is on track for its worst month since 2022 as investors brace for Trump's tariffs
-
Tesla Cybertrucks recalled over dislodging panels
Speed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
-
Crafting emporium Joann is going out of business
Speed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores