Taylor Swift Fresh Record Deal With Universal Music Group
Taylor Swift announced Monday on Instagram that she had signed a multiyear, multialbum agreement with Universal Music Group and its subsidiary, Republic Records.
Taylor Swift, the most lionized pop star has signed a deal with Republic Records and UMG, Universal Music Group. Earlier this month, the celebrity has successfully completed a six-album deal with Nashville’s Big Machine Records. Thus the 13-year old contract is over.
Swift can own all of her future master recordings via this agreement.
The vocalist announced on Instagram,
“I’m ecstatic to announce that my musical home will be Republic Records and Universal Music Group,”
The music industry’s most eligible bachelorette completed her contract with Big Machine Records at the first anniversary of the release of her hit track, “Reputation”.
Taylor Swift And UMG Multi Album Contract:
Taylor is all set to make bundles with this new multi- album-multi- year UMG collaboration.
According to the deal, Swift will be the owner of her master recordings. The company will further turn those recordings non-recoupable against the artists’ earnings. It simply means Swift had negotiated with Universal. Now if the company sells any of its equity in Spotify, that became public earlier this year, the revenue would be distributed to artists.
Now the globally recognized music company, UMG will be the worldwide recorded music partner for Swift. Moreover, UMG’s subsidy, Republic Records has now become a label partner in the U.S.
It’s also a big-time for UMG to make a deal with the ten-time Grammy winner. Taylor enjoys a distinction of the youngest-ever recipient of the Grammy for Album of the Year. The distinguished artist seems satisfied with the new agreement.
The music Diva recently stated,
“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.”.
This Deal Will Give A Golden Touch To Both The Partners
The collaboration perhaps benefits both. It seems that this multi-album agreement will take Swift to new heights. On the other hand, the Hi-Fi repute of Taylor Swift will make mints for the music company. Yet to remember, she is the only artist whose four albums top the charts with over one million copies sold in the first week of release. “Speak Now,” “Red,” “1989” and “Reputation” from Swift consecutively hit the charts with unexpected overwhelming sales.
Taylor Swift further admired the dedication, trust, and loyalty of her fans who listen to her narrated words and melodies. She always strives to make her fans proud. The singer is very ‘excited’ to display her upcoming creations for her listeners..
Both Partners, Taylor Swift And UMG Are Happy With The Alliance
Authentically, complete details of the agreement is still not available. However, both partners look quite contented with the terms. Its a celebration time for Swift because just before the announcement arrived. Swift shared her photo with UMG company’s guru Grainge and Lipman on Instagram.
CEO, Universal Groups, Grainge similarly responded, he said,
“Few artists in history approach Taylor Swift’s combination of massive global hits and creative brilliance.”
Grainge called Swift S multi-talented who can achieve anything. He then showed his enormous respect for Taylor.