Tuesday, October 4, 2022

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Kanye West claims the music catalog was put up for sale “just like” Taylor Swift without his knowledge

Kanye West may have a little more in common with Taylor Swift than he initially thought when he revealed his music catalog has been put up for sale without his knowledge.

The 45-year-old rapper took to his Instagram Story on Tuesday morning to respond to a report that his music publishing catalog is being market tested.

He wrote: “Just like Taylor Swift. My publishing house is being offered for sale without my knowledge. Not for sale.’

This comes after 32-year-old Taylor’s famous feud with Justin Bieber’s manager Scooter Braun over his sale of her coveted masters from Big Machine Label Group for over $300 million.

Braun’s Ithaca Holdings LLC acquired Nashville-based independent record label Big Machine, founded by Scott Borchetta in 2005, in June 2019 for just over $300 million.

The deal included Swift’s catalog — from her self-titled debut in 2006 through 2017’s Reputation — along with all of her music videos recorded during the period and her album art.

At the time, Swift publicly expressed outrage that Braun had acquired the rights to her master recordings. Calling the situation a “worst-case scenario,” she said the news made her “sad and disgusted,” in part because she alleges Braun perpetuated years of “relentless, manipulative bullying” against her to “defend her musical legacy.” to dismantle”.

To fight back, Taylor is currently in the process of re-recording her first six studio albums, as she previously recorded her 2006 self-titled record, 2008’s Fearless, 2010’s Speak Now and 2012’s Red.

Unfortunately, she likely won’t be able to re-record the fifth studio album, 1989, due to a lawsuit over the single Shake It Off, with the trial date pushed back to January 17, 2023.

If Kanye wanted to make a similar move, it would be much more difficult since he would have to re-erase hundreds of samples.

Taylor and Kanye have had a long-running rivalry since he famously interrupted her acceptance speech at the 2009 MTV Video Music Awards with the line, “I’ll let you finish, but Beyoncé had one of the best videos of all time! One of the best videos ever!’

Meanwhile, Kanye later posted a second post of an SMS conversation when he asked an unnamed person to check out a person named “Gee” — believed to be Blueprint Group music executive Gee Roberson — who is selling his release.

The person replied, “From Gee. Fake News. Of course, every publisher wants to pitch there for sale the hardest. smh.’

This comes after a Billboard report Monday that Ye is aiming for 35 times the gross profits by selling his publishing rights to his entire discography to the highest bidder, which they report has a potential profit of US$175 million -Could be dollars.

The potential sale comes after a number of high-profile artists sold the publishing rights to their work, including Bob Dylan, Stevie Nicks and Bruce Springsteen.

The music publication estimates that the songs in its catalog could bring in more than $13.25 million annually in publishing royalties and that Kanye’s share is $5 million.

Therefore, an annual income of $5 million multiplied by 35 would result in a valuation of $175 million.

Kanye has been busy battling sportswear giant Adidas when he took to Instagram again on Monday to speak out.

The music artist wrote: “Who are the real decision makers at Adidas?” Shots fired at exec Torben Schumacher.

He called Schumacher a “damn idiot” who “stole my designs” when they “did the collaboration with Balenciaga without my knowledge”.

He said Adidas executives prevented his “Balenciaga Gap shoes from launching,” adding, “Nobody called me and asked if I was sleeping.”

West continued: “It’s War we deaded gap, now it’s Adidas time.”

West added, “My problem is injustice. I’m not trying to take advantage of Adidas. So that we are never taken advantage of again.

“Thank you to the owners of Harold’s for your loyalty. They told you I wouldn’t do a deal with Adidas until me and Adidas were cool, that’s a true Chicagoan who loves you for it.

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