Taylor Swift is back in the studio to re-record her first six albums. Reuters
Taylor Swift is back in the studio to re-record her first six albums. Reuters
Taylor Swift is back in the studio to re-record her first six albums. Reuters
Taylor Swift is back in the studio to re-record her first six albums. Reuters

A new spin: will Taylor Swift's move to re-record old albums pay off?


Saeed Saeed
  • English
  • Arabic

One word you cannot use to describe Taylor Swift is monotonous.

During her 15-year career as a singer-songwriter, she's dabbled in everything from country music and EDM to pop and even hip-hop.

So what can we make of her new single, a re-recording (dubbed "Taylor's version") of 2010's Love Story?

Minor tweaks aside, like the languid production and Swift's huskier voice (the nasally twang of the original belied her 18 years of age at the time), the song is pretty much a replica of the original.

Then again, that’s the point.

Love Story (Taylor's Version) is the opening shot aimed at former label Big Machine Label Group and music executive Scooter Braun for selling her masters – the official sound recording upon which future editions stem from – to investment fund Shamrock Holdings without offering Swift the option of buying them back.

Now on the war path, Swift pledged to re-record her first six albums, all released under Big Machine Label Group, with the aim of owning the new set of masters.

To sweeten the deal for fans, many of whom are emotionally attached to the original tracks, Swift aims to release the re-recorded albums with extras.

When Fearless (Taylor's Version) arrives on Friday, April 9, it comes as a 26-song package, comprising 13 album tracks and 13 pieces of unreleased material including six new songs.

The end goal, Swift hopes, is that the new versions dominate the original albums in terms of physical sales, streaming numbers and licensing deals, thus diminishing Shamrock Holdings's investment in her work.

While has Swift reignited a much-needed conversation about music ownership, re-recording music is not a novel idea.

Pop music acts have released new takes of old hits as far back as the 1960s for reasons ranging from commercial to creative.

The Everly Brothers and Frank Sinatra doing it their way

US duo The Everly Brothers are regarded as pioneers of pop music re-recordings.

In 1960 and at the peak of their fame, the duo left mid-tier label Cadence Records for giants Warner Bros in an eye-watering $1 million deal.

Not long after, the group released a compilation of re-recorded greatest hits.

As a result, Cadence Records, owners of the original Everly Brothers masters, were denied income from the release. The new compilation was a hit for Warner Bros, lucrative for the group and hastened the financial demise of Cadence Records, which closed down in 1964.

Admiring the move, perhaps, as much for its ruthlessness as financial sense, was Frank Sinatra. That year, Ol' Blue Eyes launched his self-owned label Reprise Records and released re-recorded hits as part of the new arrangement.

However, with the record business maturing, labels increasingly became wise to such shenanigans. From the mid-1960s, recording contracts came with clauses that restrict the period in which an artist can re-record tracks. To this day, this remains the industry standard of up to five years.

Def Leppard’s ‘forgeries’

This was not so much a truce but a pause in hostilities between artists and corporations, as the music industry adjusted to digital streaming.

A group unhappy with how things were playing out was Def Leppard.

At loggerheads with label Universal when it came to digital royalty rates, the British rockers denied the company – as per the terms of their contract – the right to release their catalogue on streaming platforms.

Then, in an brazen act, the group re-recorded almost identical versions of old hits exclusively for digital distribution, thus cutting out the label and guaranteeing Def Leppard up to a reported 70 per cent from all streams.

What gave the move such notoriety was the unabashed glee Def Leppard took in sticking it to Universal – they cheekily dubbed the online versions “forgeries".

Having another go

However, not every new version is fuelled by bitter contract disputes.

For Beach Boy Brian Wilson, it was a case of unfinished business. His 2004 late-career masterpiece Smile was made up of new recordings of songs intended for an abandoned 1967 album.

In 2008, US rock group Journey decided the best way to showcase their new lead singer, Filipino Arnel Pineda, was through releasing the compilation Revelation, a re-recording of 11 hits.

Meanwhile, 2011's Director's Cut found British singer Kate Bush attempting to right sonic wrongs of the past with a collection of modern reworkings of older tracks.

With such a colourful history, it's hard to know if Swift’s gamble to re-record previous albums will pay off. Similar moves by stars prior were done on a smaller scale and with relatively less rancour.

Either way, the flood of material she intends to release will continue the ongoing music debate of whether newer means better.

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Need to know

Unlike other mobile wallets and payment apps, a unique feature of eWallet is that there is no need to have a bank account, credit or debit card to do digital payments.

Customers only need a valid Emirates ID and a working UAE mobile number to register for eWallet account.

White hydrogen: Naturally occurring hydrogenChromite: Hard, metallic mineral containing iron oxide and chromium oxideUltramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica contentOphiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on landOlivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour

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In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

Our legal columnist

Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

UAE currency: the story behind the money in your pockets
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SPEC%20SHEET%3A%20APPLE%20IPHONE%2015%20PRO%20MAX
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The five pillars of Islam
COMPANY PROFILE
Name: Airev
Started: September 2023
Founder: Muhammad Khalid
Based: Abu Dhabi
Sector: Generative AI
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
 
The biog

Name: Sarah Al Senaani

Age: 35

Martial status: Married with three children - aged 8, 6 and 2

Education: Masters of arts in cultural communication and tourism

Favourite movie: Captain Corelli’s Mandolin

Favourite hobbies: Art and horseback ridding

Occupation: Communication specialist at a government agency and the owner of Atelier

Favourite cuisine: Definitely Emirati - harees is my favourite dish

The%20specs
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Key findings
  • Over a period of seven years, a team of scientists analysed dietary data from 50,000 North American adults.
  • Eating one or two meals a day was associated with a relative decrease in BMI, compared with three meals. Snacks count as a meal. Likewise, participants who ate more than three meals a day experienced an increase in BMI: the more meals a day, the greater the increase. 
  • People who ate breakfast experienced a relative decrease in their BMI compared with “breakfast-skippers”. 
  • Those who turned the eating day on its head to make breakfast the biggest meal of the day, did even better. 
  • But scrapping dinner altogether gave the best results. The study found that the BMI of subjects who had a long overnight fast (of 18 hours or more) decreased when compared even with those who had a medium overnight fast, of between 12 and 17 hours.
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What it means to be a conservationist

Who is Enric Sala?

Enric Sala is an expert on marine conservation and is currently the National Geographic Society's Explorer-in-Residence. His love of the sea started with his childhood in Spain, inspired by the example of the legendary diver Jacques Cousteau. He has been a university professor of Oceanography in the US, as well as working at the Spanish National Council for Scientific Research and is a member of the World Economic Forum’s Global Future Council on Biodiversity and the Bio-Economy. He has dedicated his life to protecting life in the oceans. Enric describes himself as a flexitarian who only eats meat occasionally.

What is biodiversity?

According to the United Nations Environment Programme, all life on earth – including in its forests and oceans – forms a “rich tapestry of interconnecting and interdependent forces”. Biodiversity on earth today is the product of four billion years of evolution and consists of many millions of distinct biological species. The term ‘biodiversity’ is relatively new, popularised since the 1980s and coinciding with an understanding of the growing threats to the natural world including habitat loss, pollution and climate change. The loss of biodiversity itself is dangerous because it contributes to clean, consistent water flows, food security, protection from floods and storms and a stable climate. The natural world can be an ally in combating global climate change but to do so it must be protected. Nations are working to achieve this, including setting targets to be reached by 2020 for the protection of the natural state of 17 per cent of the land and 10 per cent of the oceans. However, these are well short of what is needed, according to experts, with half the land needed to be in a natural state to help avert disaster.

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Jorginho (4 pen, 71 pen), Azpilicueta (63), James (74)

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Abraham (2 og), Promes (20). Kepa (35 og), van de Beek (55)