Taylor’s BMLG Deal Offer, According to Borchetta
In his blog post, Borchetta was adamant about the fact that he and Taylor talked through her deal together, and according to him, the deal looked much different that what the singer said it was in her Tumblr post.
“100% of all Taylor Swift assets were to be transferred to her immediately upon signing the new agreement,” Scott wrote. “We were working together on a new type of deal for our new streaming world that was not necessarily tied to ‘albums’ but more of a length of time. We are an independent record company. We do not have tens of thousands of artists and recordings. My offer to Taylor, for the size of our company, was extraordinary. But it was also all I could offer as I am responsible for dozens of artists’ careers and over 120 executives and their families.”