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Yahoo
11 hours ago
- Business
- Yahoo
Taylor Swift Net Worth May Change, ‘Experts' Explain Why & How
's net worth might potentially see a significant change after the singer gained ownership of her masters. Several experts exclusively spoke to Newsweek about how her recent masters buyback will prompt an increase in her current estimated $1.6 billion net worth. The pop star made her milestone achievement last month when she announced buying back the rights to the original recordings of her first six albums, six years after record executive Scooter Braun allegedly acquired them without her permission. Forbes declared Taylor Swift's billionaire status in October 2023, as the singer officially joined the outlet's billionaire list. With the singer having recently announced control of her catalog, experts now believe that this achievement will increase her net worth. Larry Miller, executive director of Sony Audio Institute for Music Business and Technology, told Newsweek that Swift's ownership of her six masters will improve her 'take-home pay.' The expert believed that now that the singer can license her original recordings for film and TV shows, it will only generate more revenue for her. Drew Nobile, professor of Music Theory at the University of Oregon, told Newsweek, 'Swift's music catalog generates over $100 million per year from streaming alone, and of course, that will increase now that Swift owns the rights to her earlier recordings as well.' The expert, however, also took into consideration the time the singer will take to recover her rumored $360 million that she paid Shamrock Capital for ownership rights. The vice president of Music Strategy at MIDiA Research, Tatiana Cirisano, also expressed how Swift's masters buyback opens up several 'revenue streams' for the singer. According to the expert, this will see an increase in her take-home income. Meanwhile, Nobile also shared a fandom perspective on the situation, stating that Swifties will now listen to the original versions, subsequently contributing to the recordings' value increase. Joe Bennett, a professor at Berklee College of Music, looked beyond net worth to include 'artistic legacy and control.' Music professor Jocelyn Neal also echoed the expert's sentiments, telling the outlet that Swift's catalog acquisition is more significant than just 'financial gain' as it includes 'moral victory' for her and her fans. According to the expert, this will have a long-lasting effect on her brand name. The post Taylor Swift Net Worth May Change, 'Experts' Explain Why & How appeared first on Reality Tea.
Hindustan Times
13 hours ago
- Business
- Hindustan Times
Taylor Swift's $1.6 billion net worth to see massive gains? All about singer's 'masters deal'
Taylor Swift's net worth is poised for a major boost after the singer announced she now owns the original masters of her first six studio albums. The May 30 revelation marks a turning point in her financial empire, as full ownership of Taylor Swift, Fearless, Speak Now, Red, 1989, and Reputation gives her exclusive control over licensing, royalties, and future earnings. Experts say this strategic move could add hundreds of millions to her already billion-dollar fortune. Also Read: Hailey Bieber's cold shoulder on Justin Bieber's first Father's Day fuels rumors of rift According to Billboard, Swift reportedly paid around $360 million to regain ownership of her original recordings. However, experts told the news outlet that despite the steep price, the move is financially sound, as the long-term income from licensing and royalties is expected to far outweigh the initial cost. According to Larry Miller, executive director of the Sony Audio Institute for Music Business and Technology, the Bad Blood singer's ownership of her six original masters will significantly boost her 'take-home pay.' He explained to Newsweek that with full control over licensing her original recordings for films, TV shows, and commercials, the singer stands to generate even more revenue. He continued, 'Under Braun's and Shamrock's ownership, Taylor declined requests to license the original masters for film and TV. Now they'll be licensed, and the old, much-loved masters will generate revenue for the rest of her life—and beyond." Miller added, 'aylor has a powerful, trusted relationship with hundreds of millions of fans, and she can reignite interest in those six albums in a way that no other artist, company or investor can." Drew Nobile is an associate professor of Music Theory at the University of Oregon, who revealed to the news outlet, 'Swift's music catalog generates over $100 million per year from streaming alone, and of course, that will increase now that Swift owns the rights to her earlier recordings as well. The question is, how long it will take for her to recoup the reported amount of $360 million she paid for those rights.' Tatiana Cirisano, vice president of Music Strategy at MIDiA Research, noted that Swift's buyback of her masters unlocks multiple new 'revenue streams.' He added, 'She will absolutely see her take-home income increase, although I can't currently speculate by how much." Joe Bennett, a forensic musicologist and professor at Berklee College of Music, echoed similar views, as he added, 'Reacquiring the masters will almost certainly increase her income, and may well repay the reported $360 million investment.' Also Read: Heartwarming celebrity Father's Day posts: Ivanka Trump, Kate Middleton, Michelle Obama and more | Photos In October 2023, Swift was named a billionaire by Forbes, and her current net worth is $1.6 billion, as reported by Newsweek. The singer's major contribution to her wealth comes from her music royalties and tours.
