00:00:00
Taylor Swift has regained ownership of
00:00:01
her master recordings after a year'sl
00:00:03
long attempt. Swift Masters were
00:00:05
previously owned by private equity firm
00:00:07
Shamrock Capital who purchased them from
00:00:09
music manager Scooter Braun in 2020. The
00:00:12
rights include Swift's first six albums,
00:00:15
music videos, concert films, and more.
00:00:17
She reportedly paid around $360 million
00:00:20
in the deal. I would like a serious
00:00:21
take. What do you think about this? I
00:00:23
think it's capitalism. I think if she
00:00:24
wants to own her own catalog, that's her
00:00:27
business. She doesn't have a toilet
00:00:28
paper company or a suppository using
00:00:31
Shake It Off. Good. Good idea. And this
00:00:34
is really going to go crazy in AI when
00:00:37
all of a sudden Lincoln starts giving
00:00:40
people advice. Or if if Warren Buffett
00:00:42
doesn't have serious IP protection in
00:00:45
three generations, some kid who's got a
00:00:46
cocaine habit and has squandered all of
00:00:48
his inheritance says, "Well, I'm going
00:00:49
to start an investment app using Warren
00:00:51
Buffett." So the advantage to her is
00:00:54
that she has other considerations than
00:00:55
just purely monetizing every ounce and
00:00:58
every dollar out of her songs. Smart
00:01:00
move by Taylor Swift. She owns herself.
00:01:01
She's a young woman. She'll be able to
00:01:03
benefit from this for many, many decades
00:01:05
to come, I suspect. So good for her.
