Taylor Swift‘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.
Taylor Swift’s Masters buyback is going to impact her take-home pay, claim ‘experts’
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.
