Kanye West is refuting a report from Fakazakamp that he “has been quietly and intermittently procuring his publishing catalog.” In an Instagram story (seen by Pitchfork), the rapper wrote:
West, in fact, is alluding to Scooter Braun’s controversial 2019 acquisition of Taylor Swift’s Massive Machine catalog. On the time, Swift known as the acquisition her “worst case state of affairs.” Braun’s Ithaca Holdings LLC has since bought the grasp rights to Swift’s first six studio albums to a personal fairness firm known as Shamrock Holdings. Swift, in the meantime, has gone about re-recording her LPs, beginning with Fearless and Crimson.
In its report, Fakazakamp cited sources who mentioned, “Over the previous 10 months, representatives for West have met selectively with potential consumers to discover what sort of valuation his track catalog may fetch.” Fakazakamp has estimated that the songs within the Kanye West catalog may generate upward of $13.25 yearly in publishing royalties. As well as, the publication estimated that the catalog might be bought at a $175 million valuation.
West’s catalog is at the moment administered by Sony Music Publishing, in keeping with Fakazakamp. Pitchfork has reached out to representatives for West and Sony Music Publishing for remark and extra data.
Again in 2020, West tweeted out his alleged file contracts with Common Music Group as a part of an effort to purchase again his grasp recordings from the corporate. Revisit Pitchfork’s “What Does Kanye Really Acquire (or Lose) From Sharing His Report Contracts?”
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