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HITS Daily Double

THE $300M QUESTION (UPDATE)

Rumors are swirling around an uber-manager supposedly brokering a deal to sell a superstar artist’s catalog for a whopping $300m+. Who’s the artist? Who might the buyer be? How might such a deal, if consummated, affect the state of play in the ever-inflating copyright market? Expect the noise around this deal to be deafening. Stay tuned.

UPDATE: Variety is reporting that the deal in question is for Taylor Swift's masters and that Scooter Braun, who acquired them in June of last year as part of his deal for Big Machine Label Group, has made the sale to an as-yet unnamed "investment fund." Again, don't touch that dial.

TAGS: catalog