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Taylor Swift performing at the rammy Awards in 2016. Photo by Robyn Beck/AFP Photo via Getty Images.

Los Angeles-based private equity firm Shamrock Capital is the mystery buyer of Taylor Swift's master recordings for her first six albums.

Between the lines: Swift has been feuding with music magnate Braun since he acquired her former record label, Big Machine, and its assets last year. It's unclear if this new transaction will satisfy Swift, who did not participate.

Earlier on Monday, Variety reported on the sale, without identifying the buyer. It put the purchase price "north of $300 million," according to a source familiar with the situation.

  • That's a heady return for Braun's media holding company Ithaca, which paid just over $300 million for all of Big Machine, whose other artists include Florida Georgia Line and Rascal Flatts.
  • The original purchase was partially financed by private equity giant The Carlyle Group, which is a minority investor in Ithaca.

Swift this evening took to social media to comment on the deal, which she says was completed without her knowledge. She added that she cannot work alongside Shamrock, since the transaction involves some sort of ongoing royalties or earn-outs for Braun and Ithaca.

In a statement, a Shamrock spokesperson told Axios:

“Taylor Swift is a transcendent artist with a timeless catalog. We made this investment because we believe in the immense value and opportunity that comes with her work. We fully respect and support her decision and, while we hoped to formally partner, we also knew this was a possible outcome that we considered. We appreciate Taylor’s open communication and professionalism with us these last few weeks. We hope to partner with her in new ways moving forward and remain committed to investing with artists in their work.”

Shamrock's predecessor firm was founded as Roy Disney's family office, but now operates independent of the Disney family. It currently is investing out of a $400 million fund, and has invested in such companies as AdWeek and FanDuel.

Go deeper

Dec 11, 2020 - Economy & Business

Inside Disney's plans for streaming domination

Data: Company filings. Chart: Axios Visuals

Disney unveiled its most ambitious content push in its 97-year history, announcing more than 100 new projects, most of which will be available on its streaming service Disney+.

The big picture: In just over a year, Disney has gobbled up 86.8 million subscribers, making it nearly half the size (45%) of Netflix, which launched its streaming service over a decade ago.

Alabama trying to use COVID relief funds to expand prisons

Inside the Julia Tutwiler Correctional Facility in Wetumpka, Alabama in 2018. Photo: Paul Zimmerman/Getty Images

Alabama state lawmakers are trying to funnel up to $400 million of the state's American Rescue Plan funds to pay for a $1.3 billion plan to build and renovate prisons across the state, the Associated Press reports.

Why it matters: Diverting dollars from the COVID-relief package, passed in March, is prompting criticism over misuse.

1 hour ago - World

Jake Sullivan discussed human rights and Yemen with Saudi crown prince

MBS in 2018. Photo: Fayez Nureldine/AFP via Getty

White House national security adviser Jake Sullivan and Saudi Crown Prince Mohammed bin Salman discussed efforts to end the war in Yemen, the de-escalation of regional tensions with Iran, and Saudi Arabia's human rights record in their meeting on Monday, a senior U.S. official told Axios.

Why it matters: This was Sullivan's first trip to the Middle East since taking up his post in January, and he was the most senior visitor to the kingdom so far from the Biden administration, which has kept the crown prince at arm's length over his roles in the murder of Jamal Khashoggi and the war in Yemen.