US singer Taylor Swift slams private equity for ‘buying up’ her music
- In a speech at a Billboard Women in Music event, she called out the ‘potentially harmful force’ of private equity in the music industry
- Swift took direct shots at the Soros family, Carlyle Group and the media-focused investment firm 23 Capital
Taylor Swift renewed her criticism of private equity, calling out the Carlyle Group and the Soros family for helping her nemesis Scooter Braun purchase the rights to her old music.
In a speech at a Billboard Women in Music event on Thursday night, she called the increasing presence of private equity in the music industry a “potentially harmful force,” decrying that the firms are unregulated and “buying up our music as if it is real estate.”
Swift took direct shots at Soros, Carlyle and the sports and media-focused investment firm 23 Capital for helping music manager Braun’s Ithaca Holdings purchase of her old catalogue. She claimed none of them contacted her or her team to perform “due diligence” before the sale. And none has contacted her since, she said.
Swift has been publicly complaining for months about Braun, who manages the careers of Justin Bieber and Ariana Grande, claiming he bullied her in the past.
