Taylor Swift’s latest interview (with Billboard) sees her talking about the music industry’s approach to rights ownership. It won’t surprise you, given recent events, to find out she thinks change is needed.
“We have a long way to go. I think that we’re working off of an antiquated contractual system. We’re galloping toward a new industry but not thinking about recalibrating financial structures and compensation rates, taking care of producers and writers,” she said. “We need to think about how we handle master recordings, because this isn’t it… I spent 10 years of my life trying rigorously to purchase my masters outright and was then denied that opportunity, and I just don’t want that to happen to another artist if I can help it. I want to at least raise my hand and say, ‘This is something that an artist should be able to earn back over the course of their deal — not as a renegotiation ploy — and something that artists should maybe have the first right of refusal to buy.’”
Intriguingly, the article suggests that not only is Swift still interested in buying back her master recordings from Big Machine if it were financially possible, but that their new owner Scooter Braun might not be averse to selling.