Taylor Swift’s feud with her former label, Big Machine, clearly is not over yet. The singer took to her Instagram Stories Thursday to protest the record company’s alleged plan to put out a live Swift album this week — a release that she apparently had no knowledge of until fans alerted her on social media, and one that she condemns as a callous cash grab.
“Hey guys — I want to thank my fans for making me aware that my former record label is putting out an ‘album’ of live performances of mine tonight. This recording is from a 2008 radio show performance I did when I was 18. Big Machine has listed the date as a 2017 release but they’re actually releasing it tonight at midnight,” Swift posted.
“I’m always honest with you guys about this stuff so I just wanted to tell you that this release is not approved by me,” Swift stressed. “It looks to me like Scooter Braun and his financial backers, 23 Capital, Alex Soros and the Soros family and the Carlyle Group have seen the latest balance sheets and realized that paying $330 MILLION for my music wasn’t exactly a wise choice and they need money.”
Swift concluded by decrying Big Machine’s move as “just another case of shameless greed in the time of coronavirus. So tasteless, but very transparent.”
“This release is not approved by me. It looks like Scooter Braun and his financial backers have seen the latest valence sheets and realized that paying $300 MILLION for my music wasn’t exactly a wise choice and they need money. 😂