Aug 23, 2019

Taylor Swift will re-record old songs after Scooter Braun's Big Machine deal

Dan Primack, author of Pro Rata

Photo: Kevin Mazur/Getty Images for Amazon

Taylor Swift told ABC's "Good Morning America" on Friday that she'll re-record her old albums next year, which she says is contractually allowed.

The backdrop: The pop songstress expressed her anger last month over how her back catalog was purchased by Scooter Braun's Ithaca Holdings in a $300 million deal for Big Machine Label Group that was sponsored by The Carlyle Group.

  • There were lots of other assets in the buyout, but Swift's stuff was considered the crown jewel.
  • All of this relates to still-unexplained animosity Swift holds toward Braun. He hasn't commented directly on the rerecording plan, but did tweet an olive branch this morning, congratulating Swift on the release of her new album, "Lover."

The intrigue: It will be interesting to see how the music streaming services prioritize Swift's originals versus her remakes.

Go deeper: Taylor Swift explains why she didn't endorse Hillary Clinton in 2016

Go deeper

Private companies cut 2.8 million jobs in May

Photo: Joe Raedle/Getty Images

Private companies shed 2.8 million U.S. jobs last month, according to a report from payroll processor ADP and Moody’s Analytics.

Why it matters: It's way less than the nearly 9 million private sector jobs economists estimated would be lost in May, suggesting layoffs during the coronavirus crisis could be slowing sooner than Wall Street expected.

The growing focus on environmental justice could influence Biden's platform

Illustration: Aïda Amer/Axios

The killing of George Floyd in police custody and protests against systemic racism are prompting many green groups to declare their support for racial justice, and one thing to watch now is how this all might influence Joe Biden's platform.

Driving the news: Even before the recent mass upheaval in response to Floyd's death, Biden said he was expanding outreach and eyeing wider plans around environmental justice, or the disproportionate pollution burdens facing poor communities and people of color.

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The slippery slope of protest surveillance

Illustration: Aïda Amer/Axios

President Trump's call to treat antifa supporters like terrorists could be a green light for high-tech surveillance of dissidents.

Why it matters: It's unlikely the Trump administration can designate antifa as a terrorist group in any legally meaningful way, but the declaration gives law enforcement tacit approval to use a plethora of tech tools to monitor protesters and left-leaning activists.