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Taylor Swift indicators document cope with Universal Music, Entertainment News & Top Stories

NEW YORK • After greater than 12 years, six albums and 10 Grammy Awards because the star of the Nashville-based Big Machine Records, Taylor Swift has a brand new label.

The singer – who turned a free agent this month, a 12 months after the release of her newest album Reputation – introduced on Instagram earlier this week that she had signed a multi-year, multi-album settlement with Universal Music Group and its subsidiary, Republic Records.

As a part of the deal, Swift, 28, will personal her grasp recordings moving ahead, she mentioned.

The phrases of the deal weren’t disclosed.

In pictures of a typed notice posted to her private account – a uncommon, public-facing second of music business messaging from a star of her stature – Swift added that she had negotiated with digital streaming in thoughts.

The singer mentioned she and Universal agreed that if the company sells any of its fairness in Spotify, which went public earlier this 12 months, the cash can be distributed to artists. “It’s really important to me to see eye to eye with a label regarding the future of our industry,” Swift mentioned in her assertion.

“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.”

With greater than 30 million information bought within the United States, Swift is likely one of the few artists with the sway to maneuver the business’s main gamers in direction of her.

In 2015, simply as streaming was taking off, Swift publicly criticised Apple when it mentioned it will not pay royalties throughout three-month trial memberships for its new music streaming service; lower than 24 hours later, Apple modified course.

Swift has additionally sparred publicly with Spotify, eradicating her catalogue from the service for what she mentioned was unfair compensation. Her music returned final 12 months, after Spotify agreed to limit some music to its paid tier, which pays increased royalties.

Swift additionally teased new music. “I’m so excited,” she wrote on the finish of her notice (signing off “love, Taylor”). “I can’t wait to show you what I’m making next.”

NYTIMES

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