Deals
Taylor Swift’s Carlyle Plea Showcases Private Equity’s Reach
- Carlyle owns a stake in the pop icon’s former music label
- Alternative asset managers have bought into show business
Taylor Swift
Photographer: China News Service/VCG via Getty Images
This article is for subscribers only.
Taylor Swift’s feud with her record label reveals a little-known fact about the entertainment business: the outsized role private equity plays in funding its biggest stars.
Swift asked Carlyle Group in a tweet on Thursday to help her as she battles to secure ownership of albums she recorded with her previous label. The Washington-based buyout firm helped finance celebrity manager Scooter Braun’s acquisition of Big Machine Label Group LLC.