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Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs

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Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs

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Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living

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Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998
SuccessTaylor Swift

Scooter Braun tells Swift fans it’s ‘time to move on’

By
Sohee Kim
Sohee Kim
and
Bloomberg
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By
Sohee Kim
Sohee Kim
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Bloomberg
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October 11, 2024, 2:48 PM ET
Taylor Swift accepts the the Video of the Year award at the VMAs.
In 2019, Braun acquired Big Machine Label Group, which owned the recordings of the first six Swift albums. The singer was so unhappy about the sale she ended up re-recording her albums to avoid sharing royalties with Braun.Photo by Noam Galai/Getty Images for MTV
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Scooter Braun weighed in on his long ago feud with singer Taylor Swift, who grew angry with the talent manager after he acquired the master recordings of her early albums.

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“Look, it’s five years later,” Braun told attendees at Bloomberg’s Screentime conference in Los Angeles. “I think everyone, it’s time to move on.” 

Braun said he initially didn’t want to watch the documentary Taylor Swift Vs. Scooter Braun: Bad Blood, which aired earlier this year on the Max streaming service, but ultimately did so at the encouragement of his parents. 

“There were a lot of things that were misrepresented,” Braun said of the documentary.

On his relationship with Taylor Swift and the importance of communication, “Five years later I think it’s time to move on…I think it’s important in any kind of conflict that people actually communicate directly…that’s very relative to the entire world right now,”…

On his relationship with Taylor Swift and the importance of communication, "Five years later I think it's time to move on…I think it's important in any kind of conflict that people actually communicate directly…that's very relative to the entire world right now,"… pic.twitter.com/tgyb15ACGd

— Bloomberg Live (@BloombergLive) October 11, 2024

“It’s important in any kind of conflict that people actually communicate directly with each other,” Braun said. “I think when people actually take the time to stand in front of each other, have a conversation, they usually find out the monster’s not real.”

Braun, 43, is an entrepreneur and record executive who serves as chief executive officer of Hybe America, an offshoot of the Korean entertainment company Hybe Co. Braun said he’s in discussion with the company to extend his role at the US branch of the K-pop powerhouse.

Braun scored his first big success discovering singer Justin Bieber on YouTube and helping turn the young Canadian into a global pop star. 

Braun later diversified into film and TV production in addition to artist management. In 2019, he acquired Big Machine Label Group, which owned the recordings of the first six Swift albums. The singer was so unhappy about the sale she ended up re-recording her albums to avoid sharing royalties with Braun.

A number of artists in his management roster have left in the past two years, including Demi Lovato. Braun announced his retirement from the artist management business in June to focus on the new responsibilities at Hybe America.

With Hybe founder and chairman Bang Si-Hyuk, Braun has been spearheading the solo project of BTS member Jung Kook as well as supporting Hybe artists’ activities in the US.  

Braun was asked at the Screentime event which artist he’d most likely want to manage in the future. 

“I think the artist that’s one that you should always bet on — because they want it all the time and they do what it takes to be present and relative all the time — is Taylor Swift,” he said.

(Expands comments in fourth paragraph. An earlier version corrected spelling of name in second-to-last paragraph.)

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