Nelly Weighs In On Taylor Swift-Scooter Braun Feud & Shares Story About Bow Wow

Artists just want to own the music that they create, but that’s not always the case. There’s some drama going down between Taylor Swift and Scooter Braun after the latter recently purchased Swift’s previous label, Big Machine Label Group. The move means that Braun owns Swifts recordings, and since the announcement was made, Swift has been throwing shade at the music manager.

Nelly was recently asked his give his thoughts about the feud from the viewpoint an artist. “Music is your life, man,” he told PEOPLE. “It’s your art. It’s your heart. It’s your sweat. It’s your blood. It’s your tears. You stand up. You alienate different things. I went through a point to where I spent so much time in the studio that it was affecting my relationships with my kids in the sense them asking], ‘Daddy, why are you spending so much time there.’ But that was when they were really, really young. Now that they are] older they see, because now one them wants to sing…My point is, you put so much blood and so much sweat and tears into it, you just want a fair shake when it comes to being able to claim what’s yours.”

The rapper also shared that it took some time for his children to recognize his international superstar status. He claimed that his daughter didn’t give him any props until he took her to a concert where she was able to meet Bow Wow face-to-face backstage. He said his daughter asked, “We meetin’ Bow Wow?” to which he replied, “You do know that I out-sold Bow Wow…but it was a great feeling. Just to see her eyes light up when she met him…I felt great as a father being able to do that.”

Taylor Swift Throws Obvious Shade At Scooter Braun During Amazon Prime Day Concert

Taylor Swift is far from over her dispute with Scooter Braun after the talent manager acquired the rights to her master recordings when he bought her former label, Big Machine Label Group. Taylor responded by calling Scooter a bully, sparking Justin BieberTy Dolla $ign and Demi Lovato to jump to Scooter’s defense. 

Taylor was the headlining act for Amazon’s Prime Day Concert and during her performance “Shake It Off” it’s quite obvious that she threw some shade at Scooter when she added emphasis on a statement about cheaters and liars. “Just think while you’ve been getting down and out about the liars and the dirty, dirty cheats in the world, you could have been getting down to this sick beat.” The part about “liars” “dirty cheats” is what caused Taylor to really go in on the mic – watch the clip below.

“Sex is cool and all but have you ever watched Taylor Swift shade scooter and Scott during a female-led concert after reminding everyone she writes all her own songs,” a Twitter user wrote in response to the clip

After Justin stood up for his longtime manager, sources said that he would no longer publically comment on the matter. “Justin thinks Scooter has a big heart and] thought Taylor’s bashing Scooter was unfair,” the source explained, adding how Justin thinks “it’s a small business, and he doesn’t want there to be hate.”

Wasting Little Time, Scooter Braun Inks an Exclusive Deal With Amazon

The deal, which involves Braun’s SB Projects, calls for multiple film and TV productions for Amazon Studios.

After brokering a $300 million-plus acquisition of Big Machine Label Group and subsequently , Scooter Braun seems relatively unperturbed.  Just this morning, word leaked that Braun has inked an exclusive pact with Amazon Studios to produce multiple film and TV projects.

The action will happen through Braun’s SB Projects, whose film and TV unit has already produced CBS series Scorpion, feature film The Giver and Justin Bieber documentary Never Say Never.  Those are just teasers, however, with SB Projects also juggling at least half-a-dozen other productions for FX, Fox, and Showtime.

The Amazon deal now promises to expand SB’s slate of programming considerably, with Amazon getting the right of refusal (or ‘first look’) on new production ideas.  That’s the latest in an ongoing string of first look deals from Amazon, and part of a broader race by subscription video-on-demand (SVOD) platforms to capture coveted programming.

SB Projects falls under Braun’s Ithaca Holdings, which recently cemented a $300 million acquisition of former Taylor Swift label Big Machine. The deal was powered by funds from the Carlyle Group, which is also injecting more funds into Ithaca’s expansion.

That makes the Amazon deal seem like a frenzied negotiation, though Deadline says terms were actually finalized months ago.  Separately, The Wrap has pointed to a multi-year deal with both unscripted and scripted content involved.

Braun also oversees artist management duties for a number of superstar artists, including Justin Bieber, Ariana Grande, Demi Lovato, and Zac Brown Band.  The latest deal involving Amazon further expands the media opportunities for all of those clients, with both music-focused productions and more cinematic endeavors fair game.  Bieber has already seized the opportunity by releasing his SB-backed documentary, part of a growing number of music documentaries and biopics hitting SVOD platforms.



Kanye West, Drake, & JAY-Z Are Among the World’s Highest-Paid Celebrities

Hip-hop rules the Forbes list.

The magazine has unveiled its annual Celebrity 100 list of the world’s highest-paid entertainers of 2019. Many of music’s biggest names earned spots on the list, including Drake, Diddy, JAY-Z, and Beyoncé.

Following his rival Taylor Swift at No. 1 ($185M) and sister-in-law Kylie Jenner at No. 2 ($170M), Kanye West places third on this year’s list. The 42-year-old rapper earned $150 million, the majority of which comes from his adidas partnership. His Yeezy brand is expected to top $1.5 billion in sales this year, while he outright owns his Yeezy apparel line.

Hip-hop’s first billionaire, JAY-Z, lands at No. 20 with $81 million in earnings. In addition to stakes in Armand de Brignac champagne and D’USSÉ cognac, his “On the Run II” tour with Beyoncé grossed over $250 million. Hov has also invested in companies like Uber and owns TIDAL and Roc Nation.

Mrs. Carter ties her husband with $81 million, thanks to their lucrative stadium tour and her Homecoming Netflix special and live album. In April, Beyoncé also announced a new partnership with adidas to relaunch her activewear line Ivy Park.

Drake holds down the 25th spot with $75 million. The 6 God amassed a fortune with his chart-topping album Scorpion and his “Aubrey and the Three Migos Tour,” which grossed $79 million on its 43-date run, as well as a residency at Wynn’s XS Nightclub.

Other big names on the list include Diddy (No. 28, $70M), Rihanna (No. 36, $62M), Travis Scott (No. 39, $58M), Bruno Mars (No. 54, $51.5M), Eminem (No. 57, $50M), Ariana Grande (No. 62, $48M), Jennifer Lopez (No. 76, $43M), DJ Khaled (No. 87, $40M), The Weeknd (No. 87, $40M), and Kendrick Lamar (No. 95, $38.5M).

See the full Celebrity 100 here.

Big Machine Is Releasing Taylor Swift's Early Singles on Vinyl

The move follows an that included Taylor Swift’s valuable early masters.

Perhaps timing isn’t Big Machine’s strong suit.  Or, maybe the just-sold label group doesn’t really care.  Either way, recently-acquired Big Machine Label Group is now hawking colored 7″ vinyl releases of some of Taylor Swifts earliest (and most valuable) hits.

For $10 a pop, Big Machine is now selling vinyl copies of Swift’s ‘Tim McGraw’ and ‘Teardrops on My Guitar,’ both from Swift’s classic, self-titled debut album from 2006.  And those are just the first two singles being re-released.

The singles are part of a broader 13th anniversary celebration of that release, which arrives in October.

Accordingly, Big Machine is staggering the release of singles from the album to heighten anticipation.  Of the two, ‘Tim McGraw’ is a traditional black vinyl, while ‘Teardrops’ starts the colored rotation.

Taylor Swift fans are being alerted to the 7″ limited-edition vinyls email (guess Big Machine kept the email list, too).  Earlier today (July 10th), Big Machine alerted fans to the availability of the ‘Teardrops’ vinyl.  It looks like the alert for ‘Tim McGraw’ was sent weeks ago, quietly kicking off the series (and right before the sale of Big Machine was announced).

“Act fast!” the latest email urges. “We just released a Limited Edition 7” Vinyl of ‘Teardrops On My Guitar’ with Acoustic B-Side Recording!”

The acoustic recording was recorded in 2007, just one year after Swift released her debut.

Interestingly, Big Machine also announced the vinyl releases on Instagram — with comments turned off.

Of course, there’s nothing especially interesting about a 13th anniversary, especially one that arrives in October.

So perhaps this July-timed release is happening at exactly the right time — at least for Big Machine to rub this one in.

Just last month, Big Machine Label Group (BMLG) was sold to Scooter Braun-owned Ithaca Holdings in a deal valued north of $300 million.  The acquisition was blasted by Taylor Swift, who lambasted Scooter Braun as scum and blasted Big Machine founder Scott Borchetta as a sellout (to put it mildly).

Swift said she didn’t have an opportunity to repurchase her own masters, something Borchetta flatly denied.

“This is my worst case scenario.  This is what happens when you sign a deal at fifteen to someone for whom the term ‘loyalty’ is clearly just a contractual concept,” Swift slammed on Tumblr, referencing Borchetta.  “And when that man says ‘Music has value’, he means its value is beholden to men who had no part in creating it.”

Taylor Swift’s attorney, Donald Passman, later stated that Swift never had a chance to gain ownership control over her masters.  Apparently only Scooter Braun was afforded that luxury, which may explain Swift’s consternation.

Drama aside, Swift fans are quickly scooping up the limited-edition gems.

‘Tim McGraw’ is now sold out.  ‘Teardrops on My Guitar’ remains on pre-order, and is likely to be sold out within days (if not hours).  Other singles are now in the pipeline.

And the drama continues…



"The Avengers" Cast Earned A Total Of $340 Million According to Forbes List

Forbes dropped f its annual ranking the highest-grossing celebrities in the game with Taylor Swift taking the top spot as Kanye West and Kylie Jenner were close behind. The ranking featured a decent number stars that all pulled in serious wealth from their roles starring in the Marvel Cinematic Universe and the actor with the biggest pay out was Thor AKA, Chris Hemsworth. 

Chris sits at #24 on the top 100 list, with earnings $76.4 million. However, the serious coin isn’t only coming from The Avengers but rather his role in the upcoming Men In Black remake as well as his deals with Hugo Boss and Tag Huer. Robert Downey Jr. is at #31 with $66 million, Bradley Cooper (Rocket Raccoon) is at #43 with $57 million, Scarlett Johansson (Black Widow) is at #47 with $56 million, Chris Evans at #73 with $43.5 million and finally, Paul Rudd at #83 with $41 million. All together, the Marvel crew who made the list pulled in a whopping $340 million.

"The Avengers" Cast Earned A Total Of $340 Million According to Forbes List
Alberto E. Rodriguez/Getty s

Avengers: Endgame broke a lot records upon its release. The first trailered pulled in 289 million views during its first 24 hours and was streamed on 4,600 screens on the opening weekend, more than any other film. It makes sense why the cast pulled in so much dough. 

Justin Bieber Will No Longer Issue Public Statements On Scooter Braun: Report

Justin Bieber was quick to jump to the defense his manager Scooter Braun after Taylor Swift alleged Scooter bullied her. The “Bad Blood” singer made a lengthy post detailing how she was heartbroken to hear that Scooter acquired the rights to her master recordings since the famed manager took over Big Machine Label Group. 

Justin Bieber Will No Longer Issue Public Statements On Scooter Braun: Report
Jemal Countess/Getty s

Sources now tell PEOPLE that Justin simply “felt the need to defend” his “friend and mentor” considering all that Scooter has done for him as a manager and a friend over the years. “Scooter] has been very understanding and encouraging Justin taking a break from making a new album and instead focusing on his mental health,” the source detailed. “Justin thinks Scooter has a big heart and] thought Taylor’s bashing Scooter was unfair.”

Justin Bieber Will No Longer Issue Public Statements On Scooter Braun: Report
Frazer Harrison/Getty s

Apparently, Justin won’t be making any more public statements to defend Scooter and he hopes the whole situation dies down. “It’s a small business, and he doesn’t want there to be hate,” the source added. As we previously posted, Scooter reportedly tried to reach out to Taylor to settle things but she declined his olive branch. 

Lil Nas X Comes Out as Gay — "Thought I Made It Obvious"

Lil Nas X is gay and he thought he made it obvious.  Apparently not.

The country trap rapper recently appeared on stage with Billy Ray Cyrus to sing “Old Town Road” at the BET Awards.

During the last day of Pride Month on June 30th, Lil Nas X pointed to lyrics from his song “c7osure,” from his debut EP. The rapper tweeted,

“Some of y’all already know, some of y’all don’t care, some of y’all not gone fwm no more. but before this month ends i want y’all to listen closely to c7osure.”

“This is what I gotta do, can’t be regrettin’ when I’m old,” he raps in “c7osure.”

A few hours later, Lil Nas X followed up that tweet with the cover of his eight-song EP called 7. “Deadass thought I made it obvious,” the rapper tweeted, highlighting a rainbow segment on the album’s cover.

Lil Nas X Comes Out as Gay — "Thought I Made It Obvious"

Since announcing he’s a member of the LGBT community, the rapper lost a few fans. Others rallied around Lil Nas X following the announcement.  The rapper confirmed he was tired of being closeted about his personal life. He told no one he planned on revealing himself during the final days of Pride.

That hasn’t stopped the bigots from claiming they can no longer enjoy his music as a gay artist. The rapper responded to these claims by tweeting the same argument that replaces the word ‘gay’ with ‘black.’

Lil Nas X Comes Out as Gay — "Thought I Made It Obvious"

It’s powerful proof that LGBT artists face mounds of discrimination no matter how popular they become. Lil Nas X is taking the homophobic comments in stride, but it sucks that it’s 2019 and this is the response a member of the LGBT community gets.

Perhaps we’ll see a Taylor Swift and Lil Nas X collaboration sometime in the future? Swift’s positioned herself as a huge ally to the LGBT community with , referencing activist organization GLAAD.

Justin Bieber Accused Of Degrading Women By Choreographer

Just a couple days after Justin Bieber jumped to the defense his manager Scooter Braun after Taylor Swift accused Scooter bullying her, the “Sorry” singer is now being slammed by Emma Portner, a choreographer who collaborated with him on his Purpose tour. Emma shared a lengthy statement on her Instagram story calling Justin out for degrading women and attending an anti-LGBTQ church.

“I regret working under your name,” her statement began on her Instagram story. “I gave your universe my naive body, creativity, time, and effort. Twice. For content that you made millions f . While I made zilch. Natta. Barely anything. Less than minimum wage for the hours I invested. I couldn’t afford to eat.”

Justin Bieber Accused Of Degrading Women By Choreographer
Theo Wargo/Getty s

“The way you degrade women is an abomination. You continue to collaborate with overly problematic people. You religiously go to a church that does not support the LGBTQ+ community,” she added his Hillsong church. Emma then stated how a straight white pastor cannot be Justin’s “only major source world view” telling him to educate himself beyond his Bible. Emma is married to actress Ellen Page, who’s expressed similar views about the megachurch. 

“You have IMMENSE power. Use it to STOP DEGRADING WOMEN. We should all be ‘checking on you’ and Chris Brown because you both need to be held accountable,” she added.

Ed Sheeran Shamed For Not Standing Up For Taylor Swift Through Masters Drama

The drama between Taylor Swift and Scooter Braun has branched out into a whole other conversation regarding a few other individuals. Fans who are on Taylor’s side have now gone after Ed Sheeran, shaming him for his silence in the matter considering he’s supposed to be Taylor’s good friend. Fans have even accused him bailing on her considering the role she played in her rise to fame. 

Ed Sheeran Shamed For Not Standing Up For Taylor Swift Through Masters Drama
Anna Webber/Getty s 

“Waiting to hear from ed sheeran, where is his bff ass when taylor needs him to step the fuck up and support her, uh?” one user wrote, while another added, “Fuck Ed Sheeran he’s never stood up for Taylor ever. she fucking took him on tour and featured him on her album when he was growing his career. he writes his music just as well, only difference is as a man he got the pretty side the coin and gets praise from being a writer.”

Ed has finally responded to the matter with a simple comment on Instagram, responding to a user who was giving him the benefit the doubt. “I have been speaking directly to her, like I always do,” he wrote. 

Let’s see if he makes an ficial statement on the matter. 

Defending Taylor Swift, Sky Ferreira Claims Music Industry Forces Underage Singers into Exploitative Contracts

Over the weekend, Taylor Swift started a new controversy after sharply criticizing both Scooter Braun and Big Machine Label Group’s (BMLG) Scott Borchetta.

Overdramatizing Braun’s acquisition of her former label, she called the move “my worst-case scenario.”

This is what happens when you sign a deal at 15 to someone for whom the term ‘loyalty’ is clearly just a contractual concept.

With the purchase, Braun now owns her pre-UMG masters.

Several stars quickly spoke out in Scooter’s defense.  This includes his clients, Demi Lovato and Justin Bieber.

Lambasting Swift’s comments, Bieber the pop star how his manager gave her a much-needed big break.

Scooter has had your back since the days you graciously let me open up for you!”

In addition, as the years passed, Swift never reached out to either party “to communicate our differences, hurts, or frustrations.”  Instead, and acting like a diva, Swift merely took to social media to “get people to hate on Scooter.”

What were you trying to accomplish by posting that blog?  Seems to me like it was to get sympathy u also knew that in posting that your fans would go and bully Scooter.

Revealing the real facts about BMLG’s sale to Braun, Borchetta wrote an article titled

In the post, he explains that Scott Swift – Taylor’s father – was a shareholder in BMLG.  He, along with Taylor, was notified days before the official acquisition news.  In fact, Scott had the opportunity to protest the move and vote against it.

Taylor Swift also turned down the opportunity to own her masters when contacted by Borchetta.  Hiding this fact from her fans, she has yet to reply to his article.

Now, revealing the heart of the matter, Sky Ferreira has stepped in to defend the pop singer.

Should up-and-coming singers sign long-term contracts when they’re not even 18 yet?

Sharing an Instagram Story on Sunday evening, Sky Ferreira explained her own ‘toxic’ experiences with the music industry.

I signed contracts when I was 15, and I’m still paying the consequences for it.

According to the singer, who’s now 26, “every contract” she has ever signed has “been set up” to take advantage of either her or her work “in some way.”

In addition, Ferreira pushed artists to stand up for themselves and fight back.

Don’t let people pressure you into giving away your rights or settle for less… Holding out and finding a situation where you can thrive/have control over your life is worth so much more.

Calling out rampant gaslighting – the act of manipulating someone by questioning their own psychological state – she echoed Swift’s “bully” argument.

The entertainment industry is filled with under-qualified bullies and morons with way too much power for their own good.

In the lengthy comment, she also took a veiled swipe at BMLG’s Scott Borchetta.

Insisting on your rights, values, and ownership doesn’t make you difficult.

Calling on artists to not “get used and bled dry,” Ferreira concludes her post, reiterating her previous argument,

Don’t let anyone convince you that you aren’t supposed to own or control your work or not get paid properly.  You don’t have to give the blind eye because others choose to.  Respect yourself.

You can view the complete Instagram Story below.

(Click to enlarge.)


Featured image by Abby Gillardi (CC by 2.0).

Taylor Swift Reportedly Declined Scooter Braun’s Request To Settle Drama

The drama that has ensued between Taylor Swift and Scooter Braun and their respective parties has not come close to an end since Taylor reportedly declined a conversation to settle the beef with Scooter, The Blast reports. Things started when Scooter’s Ithaca Holdings bought Taylor’s former label, Big Machine Label Group, which means he owns the masters to her recordings. 

Taylor Swift Reportedly Declined Scooter Braun's Request To Settle Drama
Jason Kempin/Getty s

This made Taylor lash out and detail how someone who bullied her now has control over her assets. Justin Bieber and Demi Lovato jumped to the defense Scooter but things are now left at a standstill. The Blast details how Scooter reached out to Taylor’s team through mutual friends to have a “mature and private” call but she swiftly said no. Scooter apparently wants to explain the situation and discuss her shock to the announcement and how he’s “hurt” by her accusations. 

Scooter wants to makes it clear that his purchase her masters is meant to signify just how much he believes in her career and future.  

“Scooter has had your back since the days you graciously let me open up for you,” Justin wrote on Instagram. “As the years have passed we haven’t crossed paths and gotten to communicate our differences, hurts or frustrations. So for you to take it to social media and get people to hate on Scooter isn’t fair.”

Only time will tell how this plays out. 

Ty Dolla $ign Shows Love To Scooter Braun Amid Taylor Swift Bullying Drama

Taylor Swift accused Scooter Braun bullying her when she found out that his move to acquire Big Machine Records meant Scooter would own the rights to her 2006-2018 master recordings. Her accusations were not taken lightly since some Scooter’s top clients, Justin Bieber and Demi Lovato, clapped back at the claims defending Scooter’s character. 

“For you to take it to social media and get people to hate on Scooter isn’t fair,” Justin wrote on Instagram. “What were you trying to accomplish by posting that blog? seems to me like it was to get sympathy u also knew that in posting that your fans would go and bully Scooter. Anyway, One thing i know is both scooter and i love you.”

Ty Dolla $ign has now added to the positive notes about Scooter, with a photo the talent manager and a caption seemingly congratulating him on his big business move. “Congratulations to my brada @scooterbraun 🤲🏾❤️ they hate to see it bro 😤! Keep putting up these W’s!” he wrote. 

“I have dealt with bad people in the industry and Scooter is not one them. He’s a good man. Personally, I’m grateful he came into my life when he did. Please stop ‘dragging’ people or bullying them. There’s enough hate in this world as it is,” Demi wrote her manger. 

We’ll see how Taylor and Scooter respond to the matter. 

Justin Bieber Lambasts Taylor Swift's Disreputable 'Bully' Post Against Scooter Braun

Influential music industry manager Scooter Braun made a surprise announcement this past weekend.

He Taylor Swift’s former label, Big Machine Label Group (BMLG).  And, with the acquisition, all of her pre-UMG masters.

Under the deal sealed over the weekend, Scott Borchetta’s label will now form part of Braun’s Ithaca Holdings.  Carlyle Group, which financed the purchase, will assume a minority position in Ithaca.  In addition, Carlyle will inject an additional investment in Braun’s holding company, raising its valuation to over $800 million.  Big Machine Label Group will now blend into Ithaca, which includes School Boy Records, Atlas Music Publishing, and artist/label services group SB Project.

Unfortunately, someone wasn’t very happy about the deal – Taylor Swift.

Slamming Borchetta with every insult in the book, she took to social media, labeling the acquisition “my worst-case scenario.”

This is what happens when you sign a deal at fifteen to someone for whom the term ‘loyalty’ is clearly just a contractual concept.

Stating she had “woken up” to the news along with everyone else, she called Braun a “bully.”  Despite owning hundreds of millions of dollars, Swift claimed she had pleaded “for a chance to own my work.”

This isn’t exactly true.

Quickly responding to Swift’s hypocritical social media post, Borchetta wrote an article, titled

In the post, he explains Scott Swift’s – Taylor’s father – was a shareholder in BMLG.  He, along with Taylor, were notified days before the official acquisition news.

Out of courtesy, I personally texted Taylor at 9:06pm, Saturday, June 29th to inform her prior to the story breaking on the morning of Sunday, June 30th, so she could hear it directly from me.

In short, Taylor Swift played the victim and lied to her fanbase.

Now, as the true story continues to unravel, Justin Bieber has called out Swift’s own bullying against Braun.

Standing up to Swift, the true bully in this story.

Taking to Instagram to defend his manager, Bieber reminded the pop star how Braun gave her a much-needed big break.

Scooter has had your back since the days you graciously let me open up for you!

In addition, as the years passed, she never reached out to either party “to communicate our differences, hurts, or frustrations.”  Instead, Swift merely took to social media to “get people to hate on Scooter.”

Posting a picture of himself alongside the now-pop star, Bieber apologized for his hurtful, “bullying” comments in the past.  Yet, he also said her actions against Braun weren’t warranted, and thus weren’t “fair.”

Calling out her “hurtful” post, Bieber questioned Swift.

What were you trying to accomplish by posting that blog?  Seems to me like it was to get sympathy u also knew that in posting that your fans would go and bully Scooter.

He concludes, reaffirming Braun’s and his ‘love’ for Swift.

I usually don’t rebuttal things like this but when you try and deface someone I [love]… that’s crossing a line…


Featured image by Adam Sundana.

Big Machine Sells to Scooter Braun for $300 Million — Taylor Swift Calls the Deal 'My Worst Nightmare'

Industry power-player Scooter Braun has just nabbed Big Machine for $300 million.  But Taylor Swift — who found out about the deal online -— absolutely hates both the buyer and the seller.

She didn’t have a vote in the deal, nor was she informed about it beforehand.  But Taylor Swift is making her opinion on Big Machine’s $300 million acquisition widely known — and has ripped apart both Scott Borchetta and Scooter Braun in the process.

The deal, sealed this weekend, sees Scott Borchetta’s Big Machine Label Group going to Scooter Braun’s Ithaca Holdings for a cool $300 million.  The buyout was backed by Carlyle Group.

Specifically, Carlyle is financing the mega-deal its Carlyle Partners VI Fund, with Braun also tossing an undisclosed investment into the pot.  Carylye will assume a minority position in Ithaca and retain a seat on its board.

According to the Wall Street Journal, Carlyle will also inject an additional investment in Ithaca Holdings, raising the company’s overall valuation past $800 million.

Importantly, Braun will be driving the next phase of Big Machine, which finds the lauded indie juggernaut blended into a music company that also includes School Boy Records, Atlas Music Publishing and artist/label services group SB Project.

Taking a step back, this is quite the collection of assets, with Braun bringing powerhouse artists like Justin Bieber, Ariana Grande, and J. Balvin into the mix (to rattle off the two biggest names under Scooter’s management wing).

But it looks like Scott Borchetta is also planning to work alongside Braun to develop the combined entity, at least judging from statements issued over the weekend.

Borchetta stated:

“Scooter and I have been aligned with ‘big vision brings big results’ from the very first time we met in 2010. Since then I have watched him build an incredible and diverse company that is a perfect complement to the Big Machine Label Group. Our artist-first spirit and combined roster of talent, executives and assets is now a global force to be reckoned with. This is a very special day and the beginning of what is sure to be a fantastic partnership and historic run.”

Braun, equally enthused, declared:

“The idea of Scott and I working together is nothing new, we’ve been talking about it since the beginning of our friendship.  I reached out to him when I saw an opportunity and, after many conversations, realized our visions were aligned. He’s built a brilliant company full of iconic songs and artists. Who wouldn’t want to be a part of that? By joining together, we will create more opportunities for artists than ever before, by giving them the support and tools to go after whatever dreams they wish to pursue.”

Not as thrilled with the development is Big Machine’s former superstar, Taylor Swift.

Swift bailed on Big Machine for Universal Music Group, which means her day-to-day involvement with Borchetta is drastically reduced these days.  But Borchetta and Big Machine still controlled Swift’s old masters, which helped to drive the deal into the $300 million stratosphere.

Other active Big Machine artists include Florida Georgia Line, Thomas Rhett, Reba McEntire, Rascal Flatts, Brantley Gilbert, Lady Antebellum, and Cheap Trick, which is certainly a powerful lineup.  But without the Swift catalog, this deal would have been valued at a fraction of its $300 million price tag.

Just moments after the deal closed, Swift outright slammed Scott Borchetta with every insult in the book.  “This is my worst case scenario.  This is what happens when you sign a deal at fifteen to someone for whom the term ‘loyalty’ is clearly just a contractual concept,” Swift slammed on Tumblr, referencing Borchetta.

“And when that man says ‘Music has value’, he means its value is beholden to men who had no part in creating it.”

Swift signed the post “Sad and grossed out.”

In terms of Big Machine’s ongoing distribution deals with Universal Music Group, Braun indicated that everything will remain intact.  “In this new chapter, we could not be more excited to continue our respective relationships with [UMG chairman/CEO] Sir Lucian Grainge who has been nothing but supportive and a mentor in our careers,” Braun relayed.