Taylor Swift has announced that she has signed a new recording agreement with Universal Music Group. The company will now serve as her worldwide music partner, with Republic Records serving as her label in the United States.
The 28-year-old superstar posted a note on her Instagram page, explaining the deal and some important details.
“I’m ecstatic to announce that my musical home will be Republic Records and Universal Music Group,” Taylorannounced in a post on Instagram. “It’s…incredibly exciting to know that I’ll own all of my master recordings that I make from now on. It’s really important to me to see eye to eye with a label regarding the future of our industry. I feel so motivated by new opportunities created by the streaming world and the ever changing landscape of our industry…I also feel strongly that streaming was founded on and continues to thrive based on the magic created by artists, writers, and producers.”
“There was one condition that meant more to me than any other deal point. As part of my new contract…I asked that any sale of their Spotify shared result in a distribution of money to their artists, non-recoupable. They have generously agreed to this, at what they believe will be much better terms than paid out previously by other major labels. I see this as a sign that we are headed towards positive change for creators – a goal I’m never going to stop trying to help achieve, in whatever ways I can,” she continued.
Taylor then went on to thank her entire fan base for their “dedication, trust, and loyalty…who have cared about the worlds and melodies I’ve written. My biggest goal moving forward is to make you proud….I can’t wait to show you what I’m making next.”
Taylor was previously signed with Big Machine.