What happens next in the music industry? Will anything change?
USA TODAYNow that Taylor Swift has had her say, and now that the blowback is settling on her, what happens next in the music industry? And will anything change as a result?"There's no potential this will change anything," says David Chidekel, a longtime New York music and entertainment attorney at Early Sullivan Wright Gizer & McRae.
Right now, the whole world knows that Swift set off more than 24 hours of sound and fury on social media Sunday as she and her army of Swifties trashed her latest bête noire: Scooter Braun is now the owner of her music catalog – to her shock and horror, according to her Tumblr account. "Scott Borchetta never gave Taylor Swift an opportunity to purchase her masters, or the label, outright with a check in the way he is now apparently doing for others,” the statement said.
Or think how stunned Paul McCartney was when he was outbid by his pal Michael Jackson for the Beatles catalog in 1985, a move that permanently ruptured their friendship. Taylor Swift at the Billboard Music Awards in Las Vegas on May 1, 2019, and Scooter Braun at the 2019 MOCA benefit in Los Angeles on May 18, 2019."Starting artists, if they want a label deal, are still going to end up signing less favorable deals than they might later in their careers," says Alter."It's sort of a devil's bargain."
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