Taylor Swift Sign with Republic Records

Discussion in 'Article Discussion' started by Melody Bot, Nov 19, 2018.

  1. Melody Bot

    Your friendly little forum bot. Staff Member

    This article has been imported from chorus.fm for discussion. All of the forum rules still apply.

    Taylor Swift has signed with Republic Records. A statement from Taylor can be read below.

    I’m ecstatic to announce that my musical home will be Republic Records and Universal Music Group. Over the years, Sir Lucian Grainge and Monte Lipman have been such incredible partners. It’s so thrilling to me that they, and the UMG team, will be my label family moving forward. It’s also incredibly exciting to know that I own all of my master recordings that I make from now on. It’s really important to me to see eye to eye with a label regarding the future of our industry. I feel so motivated by new opportunities created by the streaming world and the ever-changing landscape of our industry… I also feel strongly that streaming was founded on and continues to thrive based on the magic created by artists, writers, and producers.

    There was one condition that meant more to me than any other deal point. As part of my new contract with Universal Music Group, I asked that any sale of their Spotify shares result in a distribution of money to their artist, non-recoupable. They have generously agreed to this, at what they believe will be much better terms and paid out previously by other major labels. I see this is a sign that we are headed toward positive change for creators – a goal I’m never going to stop trying to help achieve, inwhatever ways I can. I’m so happy to have Sir Lucian Grainge as a partner in these efforts.

    I want to express my heartfelt thanks to Scott Borchetta for believing in me as a 14-year-old and for guiding me through over a decade of work that I will always be so proud of. I’m extremely grateful to get to do what I love, especially with the people I’ve been fortunate enough to work with. The best thing I’ve been lucky enough to receive is the dedication, trust, and loyalty of the fans who have cared about the words and melodies I’ve written. My biggest goal moving forward is to make you proud. I’m so excited. I can’t wait to show you what I’m making next.

  2. DandonTRJ

    ~~~ヾ(^∇^ Supporter

    Absolutely huge, and a deal point that basically only someone like T-Swift could ever hope to obtain.
    Jason Tate likes this.
  3. .K.

    Trusted Prestigious

    I feel bad for Scott. It’s a weird dynamic because managers invest in unknowns to make money. Once everyone makes lots of money, artists want out. Part of the game though. He’s a pro though, and will have no problem finding new artists, and it’s not like anyone is hurting financially here.
    Brent likes this.
  4. ManchesterOrch8 Nov 19, 2018
    (Last edited: Nov 19, 2018)

    Motel. Money. Murder. Madness.

    While I DO NOT want to say it’s common in 2018, because it isn’t, but some of the biggest bands in the world have obtained their rights to all their masters past, present, and future in their new ‘record deals’.

    Metallica being the biggest among them. Also, possibly Springsteen?

    On a much smaller scale, Manchester Orchestra owns all of their masters, and have made it a point in any deal they sign, since the beginning.
    Dan O'Neill and DandonTRJ like this.
  5. DandonTRJ

    ~~~ヾ(^∇^ Supporter

    I know of bands buying the rights back, but never assigning them in the first instance (particularly in the pop world) is news to me. Then again, I'm not intimately involved in the transactional side of the business, so I haven't seen the new contracts.
  6. ManchesterOrch8

    Motel. Money. Murder. Madness.

    I can’t speak about the pop world, but in rock it seems the ‘smartest’ acts were hip to get the masters years ago.

    Metallica negotiated the masters to revert back to them on a certain date years ago, Motley Crüe actually put it into their first deal in 82 or 83. Coincidentally, both were signed with Elektra.

    Bruce negotiated his deal with Columbia/Sony, he retains the masters, they retain distribution (probably forever).

    At a certain point, I think it’ll be a normal thing soon enough. Labels are becoming so obsolete for the BIGGEST acts, giving them their masters would be a nice incentive for someone to sign with you, because at least you still get SOMETHING from these artists while they are with you.

    Adele could probably ask for her albums in her next deal and get them relatively easily.
  7. .K.

    Trusted Prestigious

    How many bands do you listen to that aren’t associated with a label or haven’t really been? The closest thing I’d have is probably The Republic Of Wolves. Even they have a distribution source though with simple stereo.

    I do think bands owning their work has value. Historically speaking though, artists didn’t write their own songs.

    I guess its like artists controlling their own destiny, like free agency in sports
  8. Brent

    Ready When You Are Supporter

    BMR is still set for a decades and decades to come based on her previous work alone.
  9. ManchesterOrch8 Nov 19, 2018
    (Last edited: Nov 19, 2018)

    Motel. Money. Murder. Madness.

    If you were replying to my post above, I was talking about the biggest bands or artists.

    Metallica has no label and still remain one of the biggest bands in the world.

    Blink doesn’t have a tradition label situation, either, to my knowledge.

    Chance the Rapper, to my knowledge, has never been with a label in any capacity.

    TS just needs distribution at this point, she can afford to build her own team - to be her own label. It’s just about weighing the costs and the labor of doing it.
  10. .K.

    Trusted Prestigious

    I was more than anything saying bands that people listen to that have never had a real label.

    Bad Religion has no label, so Brett started his own. But, they even went to a major label for a while to increase fan base.

    Blink, Metallica, and artists like that have financial freedom because of years of hard work, label support and business smarts. They are in a good position as a band to do what they want when they want.

    I’m not familiar with Chance The Rappers music, but that’s cool to hear of artists you’ve made it or do well without having label associations in their history.