×
You will be redirected back to your article in seconds

Elizabeth Warren Backs Taylor Swift in Big Machine Battle, Slams Private Equity Firms

Taylor Swift’s battle with Big Machine has spilled into the political arena.

Democratic presidential candidate Elizabeth Warren retweeted Swift’s Thursday message about her former record label preventing her from performing her old hits at the American Music Awards, adding that Swift is “one of many whose work as been threatened by a private equity firm.”

“They’re gobbling up more and more of our economy, costing jobs and crushing entire industries,” she continued. “It’s time to rein in private equity firms — and I’ve got a plan for that.”

Swift’s initial post alleges that Scooter Braun and Scott Borchetta were essentially holding access to her older music hostage, telling her that if she wants to be able to perform the music at the AMAs, as well as use it in a three-years-in-the-making Netflix documentary, she would have to promise not to re-record the music and cease speaking poorly about them in public. Big Machine has denied her allegations.

New York representative Alexandria Ocasio-Cortez, who has endorsed Bernie Sanders for the Democratic presidential nomination, posted a statement similar to Warren’s on Friday, writing that private equity firms’ “leveraged buyouts have destroyed the lives of retail workers across the country, scrapping 1+ million jobs.”

The private equity firm in question here is Carlyle, which helped back Braun’s purchase of Big Machine and owns a minority stake in the company. For a deep dive into the legalities behind the Swift vs. Big Machine kerfuffle along with the relationships at play, click here.

More Music

  • Taylor Swift performs on her 30th

    Taylor Swift Celebrates Her 30th Birthday Onstage at New York Jingle Ball

    Taylor Swift celebrated her 30th birthday with over 20,000 of her closest friends onstage at Madison Square Garden for iHeartRadio’s annual Jingle Ball, hosted by New York City’s Z100. Swift took a moment to thank fans for coming to her party. “I had a choice,” she said. “Where would I want to spend my 30th [...]

  • Harry Styles Stevie Nicks

    Harry Styles Brings Out Stevie Nicks, Reworks One Direction Classic at the Forum (Watch)

    Harry Styles strutted, sashayed and transfixed the crowd at the Forum on Friday night (Dec. 13) for his combination record release party and one-night-only superfan affair. “Fine Line,” as his album is titled and the engagement touted on the outside of the venue, featured the live debuts of nine new songs including standout stunners “Golden,” [...]

  • Pete York and Rain Phoenix

    Rain Phoenix Joins Pete Yorn for 'Relator,' Originally Sung With Scarlett Johansson (Watch)

    Ten years before “Señorita,” another famous twosome recorded a romantic duet together: Pete Yorn and Scarlett Johansson, who joined forces on “Relator.” It was the first single from an entire album of collaborations, 2009’s “Break Up,” which was inspired by the songs of Serge Gainsbourg and Brigitte Bardot, but fans hardly ever got to hear [...]

  • US Capitol

    The Sneaky Long Game of ALI’s Restatement of Copyright (Guest Column)

    Last week, Senator Thom Tillis and four other members of Congress sent a letter to an organization you may never have heard of, the American Law Institute (ALI).  The letter questions the ALI’s ongoing project to publish a competing version of the Copyright Act – or, as the ALI calls it, a “Restatement” of copyright [...]

  • Tom Petty’s Daughters, Widow Settle Legal

    Tom Petty’s Daughters, Widow Settle Legal Battle Over Estate

    Tom Petty’s widow and daughters from a previous marriage have settled their bitter legal battle, according to a report in Rolling Stone. Earlier this year, Adria Petty and Annakim Violette, the late singer’s daughters with his former wife Jane, sued his second wife, Dana York, for $5 million, alleging that she had deprived them of [...]

  • Desiree Perez attends the Billboard Magazine:

    Desiree Perez Named CEO of Roc Nation

    Desiree Perez has been elevated to CEO of Roc Nation after serving as chief operating officer since 2009. Along with Jay-Z, Perez is a co-founder of Roc Nation. In her new position, Perez is tasked with overseeing all 14 Roc Nation verticals, which includes music management, publishing, sports agency among a slew of diversified businesses, [...]

More From Our Brands

Access exclusive content