Taylor Swift

Taylor Swift crashes 2020 race with private equity broadside

Taylor Swift
Photo: Zhang Hengwei/China News Service/VCG via Getty Images

Progressive Democrats are using Taylor Swift as political leverage against the private equity industry after Swift publicly noted that The Carlyle Group had helped finance a deal whereby Swift lost control of her old master recordings.

Driving the news: Sen. Elizabeth Warren tweeted: "Unfortunately, @TaylorSwift13 is one of many whose work has been threatened by a private equity firm. They're gobbling up more and more of our economy, costing jobs and crushing entire industries. It's time to rein in private equity firms—and I've got a plan for that."

Taylor Swift escalates battle with ex-record label

American singer-songwriter Taylor Swift performs on stage during the gala of 2019 Alibaba 11.11 Global Shopping Festival at Mercedes-Benz Arena on November 10, 2019 in Shanghai, China
Taylor Swift performs during the gala of 2019 Alibaba 11.11 Global Shopping Festival in Shanghai, China. Photo: Zhang Hengwei/China News Service/VCG via Getty Images

Taylor Swift still can't shake off the sale of her former record label, nor the private equity firm that enabled it.

Background: Ithaca, a media holding company led by Scooter Braun, in June acquired Big Machine, which had released all of Swift's albums up until that point.