This is not a drill! I think she's wearing a Retrofete Devika Knit Mini Dress in Winter White, black Tom Ford patent leather slingback pumps featuring a stiletto heel and an ankle strap with buckle fastening, and a Christian Dior Patent Cannage Large Dior Soft Shopping Tote in black. We shall soon see! 🤩
ETA: I guessed everything but the shoes, which are naturally harder. Still, whoa!
the first single “hit the wall” out this friday!!
so proud our queen!!!
via nbcSNL IG account
Please note that it uploads on YouTube a few hours later
Universal Music Group confirmed Wednesday that it would be selling half of its 3 percent stake in Spotify — a deal worth as much as $1.4 billion based on the streaming service’s valuation as of April 29 — and thanks in part to Taylor Swift, all of UMG’s roster of artists stand to be cashing in too.
How Swift has anything to do with this windfall is a bit complicated, and goes all the way back to the major record labels’ original licensing agreements with Spotify from the late 2000s, which got the companies stock in the then-fledgling streaming service. Credit where it’s due, as Music Business Worldwide reported back in 2016, with no legal requirement to do so, Warner Music Group and Sony Music Group had both committed to doling out some of the profits to the artists if they sold their Spotify stock. UMG confirmed* *it’d do the same nearly two years later, about a month before Spotify’s IPO.
Taylor gets more crucial here in the specifics. Sony sold first, selling off a portion of its Spotify stock after the IPO in April in 2018. Warner did the same a few months later, selling the company’s entire Spotify stake. But the two music companies’ methods of payment had a significant difference. When Sony paid out, it ignored whether or not an artist is recouped, meaning that Sony acts got paid regardless on if they owed the label money on their record deal. Warner, however, kept recoupments in consideration, so the label kept more of the profit.
The same year, Swift was negotiating her deal to join the world’s biggest music company. During that process, while UMG had already committed to paying out artists on Spotify stock sales, Swift asked UMG to commit that the deal would be non-recoupable. It was a particularly shrewd move on her part that guaranteed a better deal for thousands of more artists around her as well, and the sort of move only an artist of her stature could make a reality.
i am at the mall and just saw this. i don’t see anything about it anywhere else!!!
so proud of taylor and what a great interview!
it’s so funny how they’re all trying not to break 😭
