Quality Control Records Acquired By Scooter Braun In $320M Deal

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Scooter told THR that he never liked or event wanted to be called Scooter. Before this week, Braun was perhaps best known for discovering a pre-teen, floppy-haired Bieber on YouTube way back in the aughts. Here’s what you need to know about the manager who seemingly touches everything in the music industry. Braun started out in the industry working as a party promoter in Atlanta. While Braun himself has not responded to Swift’s letter, Braun’s wife, Yael Cohen Braun, has. Todrick Hall, one of Swift’s BFFs and the co-executive producer on her « You Need to Calm Down » music video, explained that while he used to be managed by Braun, he had left « a long time ago. »

The business transaction, reportedly valued at $320 million in stock and cash, was led by HYBE CEO Scooter Braun, who took over as sole CEO earlier this year. As Justin’s manager, Scooter is considered an extension of the « Yummy » singer, so while Justin may not have engaged with this commentary, he is now connected to it. That author of the tweet also took the time to shade a female artist, bringing how her old albums are doing by saying « her previous discography is nowhere to be found. » Of course, many are assuming this call out is about Selena. Take a breather in your busy day with this curated collection of relaxing reads, real-life stories, interviews, everyday tips, and expert insights. Cape Town – According to US Weekly Scooter Braun is « open to having a private conversation » with Taylor Swift following his acquisition of Big Machine records. Swift posted a letter she had written to the firm, saying she could not work with them while Braun continued to profit off the catalogue for “many years” under the terms of their deal.

In April 2021, South Korean company HYBE announced that it would acquire Ithaca Holdings from Braun and Carlyle via the subsidiary Hybe America in a deal estimated to be around $1.05 billion. As part of the sale, Braun would became HYBE’s CEO and join HYBE’s board of directors. On May 31, 2022, Braun visited with BTS and US President Joe Biden at the White House to discuss the recent rise in anti-Asian hate crimes. Ithaca Holdings, Braun’s holding company that includes SB Projects, raised $120 million in 2010 for venture capital including investments in Uber, Spotify and Editorialist.

In the message, he said, « For someone who draws such power from being the ‘voice’ and against all the things you talk about, I’m watching you violate what you allegedly stand for. You’re the real bully. » Also worth mentioning that Kendall Jenner, Kacey Musgraves, Demi Lovato, and Jenna Dewan all liked her post. David Foster is a legendary music producer who has worked with artists including Michael Jackson, Madonna and Celine Dion. Drake – POPSTAR / YouTubeHowever he drew controversy after Taylor Swift called him out for paying $300m to have ownership over her first six studio albums, reports The Cut. Amid the news of the deal, Pee has denied « selling out » and explained he’s « selling in. »

Jayne and Girardi, 82, were married for 21 years before she pulled the plug on their union last fall. She didn’t elaborate any further, nor has she addressed the rumors https://thedatingpros.com/phrendly-review/ outside the show. However, sources close to the music exec confirmed to Page Six that the gossip is false and that the pair met years ago a political event.

A source with knowledge of the dynamic told Insider that Taylor was “appalled by the way Braun handled aspects of Bieber and Gomez’s relationship,” the outlet wrote. The site reported, per the source, that it “was one of the reasons Swift went after Braun so hard” when he later purchased her masters. Sources said it created issues between Selena and Scooter and “appalled” Selena’s close friend Taylor Swift. The songstress canceled a Saturday performance “because of things that she’s going through,” manager Scooter Braun told the crowd. Borchetta responded in a lengthy post of his own, denying Swift’s account of the deal.

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Borchetta added he and Braun plan to keep the company’s authenticity, even as they expand it. On July 21, 2021 TMZ reported that Braun filed for divorce in Los Angeles. Since losing her master recordings to Braun, Swift has embarked on a campaign to rerecord her catalog. Since the 2019 drama, she has released « Fearless (Taylor’s Version) » and « Red (Taylor’s Version). » The same day Braun’s Big Machine acquisition was official, Swift called the transaction « my worst case scenario. » In a Tumblr post, Swift put Braun on blast for « the incessant, manipulative bullying I’ve received at his hands for years. »

Is Demi Lovato still managed by Scooter Braun?

« They are still living together now but they are going to take some time apart and Scooter will be moving out soon, » a source said. Scooter Braun and his wife, Yael Braun, have reportedly called it quits. Braun is involved in various charities including the Braun Family Foundation. He also assists with his brother Adam’s charity, Pencils of Promise. Billboard reported that as of 2017, Scooter Braun—along with clients and his companies—have granted more wishes for the Make-A-Wish Foundation than any other organization in the history of the foundation. Braun was honored with the Humanitarian Award at the 2016 Billboard Touring Awards for his philanthropic support of Pencils of Promise, the Make-A-Wish Foundation, and Fuck Cancer.

Taylor Swift vs. Scooter Braun: Everything You Need to Know

We may never know, but one thing for sure is, the couple decided what’s best for them. According to reports, there is no concrete reason for their separation. However, even though the divorce papers have been filed, there will not be messy situations as regards financial compensation as a prenup had been signed earlier.

“Shut me down,” said Mr. McCarthy, who added that he was going home to get a few hours sleep before getting his partying started in earnest at the Phoenix Open the next day. Finn McCarthy, 22, a college student who was in town to watch the Phoenix Open golf tournament, had heard about the party from a friend of a friend and had waited for two hours, “doing my thing,” before a bouncer gave him the bad news. Earlier that evening, in the same place, a 23-year-old ticket reseller who called himself “Elo” prowled the crowd of hopefuls. He said that he had scored four passes to the event by pretending to be the comedian Chris Tucker’s agent.

Hybe will pay a $250 million purchase price and issue $50 million in new stock. Quality Control, a company which covers music, sports, film, and television, is home to successful superstars like Migos, Lil Yachty, Lil Baby, City Girls, and more. Scooter Braun’s portfolio includes SB Projects, which is the management home to Justin Bieber, Ariana Grande, Migos member Quavo, The Kid Laroi, and others. Scooter Braun’s South Korean entertainment company HYBE America bought Pierre “P” Thomas and Kevin “Coach K” Lee’s Atlanta-based entertainment company Quality Control Media Holdings in a $320 million deal in stocks and cash. In the second section of the song Popstar, Drake name drops some places and people.

Hybe America is the U.S. division of the South Korean entertainment conglomerate Hybe Entertainment, which manages BTS and is a major player in the K-Pop industry. Quality Control has been responsible for bringing some of the biggest names in rap music to the forefront, including the City Girls, Lil Baby, the Migos and Lil Yachty. The label has become a staple in the hip-hop and rap music scenes, producing hit after hit. According to Variety, the two executives have sold their Atlanta-based entertainment company to HYBE America.