Big Machine founder Scott Borchetta pens a lengthy response to Taylor Swift.
and her former record label Big Machine, the company's founder, Scott Borchetta, is weighing in.
"In regard to a post earlier today from Taylor, it’s time to set some things straight," Borchetta began, before arguing that Swift's father, Scott Swift, is a shareholder at the record label and was thus made aware of the sale five days before it was announced. "As you will read, 100% of all Taylor Swift assets were to be transferred to her immediately upon signing the new agreement. We were working together on a new type of deal for our new streaming world that was not necessarily tied to ‘albums’ but more of a length of time," Borchetta said, pointing to the fact that Swift's new contract would have potentially locked her in at Big Machine Records for another ten years."We are an independent record company.
The singer called the reported $300 million deal -- in which Braun also won the roster of Florida Georgia Line, Thomas Rhett, Reba McEntire and more -- her"worst case scenario."
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