Taylor Swift has been embroiled in a terrible dispute with Scooter Braun, who acquired Swift's former label for $300m, delivering him control over Swift's first six albums. Swift says that Braun had bullied and tormented her for years, and that the owner of her original label, Scott Borchetta, had sold the label to him in order to punish Swift.
Since then, Braun has used his ownership of Swift catalog to bar her from performing her own hits on tour (he eventually relented after bad publicity) and to engage in general petty fuckery with no obvious business case, seemingly motivated entirely by his desire to make Swift miserable by weaponizing her own creative output.
But Braun didn't just happen to have $300m lying around to use for his vendetta. He raised that money from private equity investors, who have fast become the most unpopular rich people in a crowded field of loathesome sociopaths.
On Thursday, Swift accepted the "Woman of the Decade" award at Billboard's Women in Music conference, and in her speech she called out both the investment firm and the individuals who funded it as having culpability in her torment: "the Soros family, 23 Capital and the Carlyle Group." Swift went on to criticize private equity as a whole, calling it a "potentially harmful force [to] the music industry [that is] buying up our music as if it is real estate, as if it is an app or a shoe-line."
According to the New York Post, one of the named investors "was stunned that the normally staid world of private equity was even mentioned at a rock ‘n’ roll event."
Private equity stunned to be dragged into battle between Taylor Swift and Scooter Braun [Richard Morgan/New York Post]
(Thanks, Kathy Padilla!)
(Image: Eva Rinaldi Celebrity and Live Music Photographer, CC BY-SA, modified)
I missed this earlier in the week, but Wednesday, January 15 was the 30th anniversary of They Might Be Giants’ third album, Flood—their major label debut that brought Casio synths and drum machines and Triangle Man and Constantinople to the mainstream. SPIN Magazine has a great retrospective on the album, speaking with artists from Mike Doughty […]
From her groundbreaking first album Switched-On Bach (1968) to the unforgettable soundtracks for A Clockwork Orange (1971), The Shining (1980), and Tron (1982), Wendy Carlos is a living legend of electronic music. In March, Oxford University Press will publish Wendy Carlos: A Biography, written by musicologist Amanda Sewel, musical director of Interlochen Public Radio. From […]
Akai’s MPC One is a beat-making box that fits in a backpack (unlike the MPC X) and costs less than a grand (unlike the MPC Live), has a 7-inch touchscreen display, and offers a full bank of pads, knobs and dials for standalone action, and outputs and ports for hooking it up to other audio […]
No chef’s arsenal is complete without a good set of knives. In fact, it’s the first big sign that you’re ready to start cooking meals as opposed to just warming them up. Here are 20 knife sets that any chef would be proud to own, from visually stunning old-world metallurgy to sleek modern cutlery. Mini […]
The latest iPhone cameras are undeniably impressive, but they’re still no match for a professional camera when it comes to taking clear, wide-angle shots. These six accessories will transform your iPhone into a pro-level camera in seconds, thanks to powerful and easy-to-attach lenses. 1. Lemuro 18MM iPhone Wide Lens MSRP: $100 | Sale Price: $80 […]
Few things in life are more universally dreaded than going to the gym, which is unfortunate since a new year usually means making new resolutions to get in shape. Thankfully, this BodyBoss 2.0: Portable Home Gym has everything you need to burn fat and build muscle in the comfort of your own home. With just […]