4 ms·
Taylor Swift, intellectual property law, and due diligence disasters
- cybert00th 6y agoGood to see someone giving private equity a bit of a drubbing for a change. Long may it continue.
- cett 6y agoI admire her tenacity.
- dhsysusbsjsi 6y agoI have zero sympathy for the shady Carlyle Group losing money. Go Taylor!
- boublepop 6y agoWhat makes them shady? They purchased a product, which Taylor swift had previously sold to another company. I get that Taylor wanted to buy it back herself, but if anything is shady it’s her attempts to destroy the value of that product in bad faith, rather than simply negotiating with them to split whatever profits are in it.
- sonotathrowaway 6y agoA buyer being too incompetent to perform basic due diligence on a deal worth hundreds of millions of dollars doesn’t constitute bad faith by her. A more accurate thing to say is that gross negligence or pure incompetence led someone to purchase a worthless asset.
- dhsysusbsjsi 6y agoCarlyle Group have a history of warmongering https://publicintegrity.org/national-security/investing-in-war/ https://publicintegrity.org/national-security/investing-in-w...
- prepend 6y agoDoesn’t remastering also hurt the studio musicians who recorded the originals? Or do they only get a session fee and no residual at all from future sales? Couldn’t the new owners continue to sell the original masters through iTunes and whatnot, just at a discount to remaster? Personally, I don’t like re-recorded music as I think the authenticity of the original recording is of some value to me. It’s good the author prefers the new version, but that’s a different album that what I originally heard. I would love to know how the deal was projected and how each side calculated present value. Also interesting to know what Swift offered and why BigMachine turned down her deal. I think this business stuff of music is a distraction and it’s sad to hear about artists spending time and attention re-recording original stuff rather than working on new art. There’s a response tweet about how Mick Jagger and Keith Richards re-record sync requests so they can get more money. It’s a shame because they could be doing more productive things rather than trying to maximize their millions. Although it’s understandable because most people give the choice of “money” or “more money” choose more.
- chews 6y agowow, that's an amazing question about the set musicians, id hope that tswift did the good thing and rehired them. having heard the album and as a person who loves her music.... the new coke is better.
- amatthew 6y agowow this is mauvelous