Taylor Swift has extended her longtime publishing relationship with Sony/ATV, the company has announced.
The star became the youngest ever writer/artist to sign to the firm a year after she moved to Nashville aged 14.
In a statement, Sony/ATV said it was “proud to say Taylor’s new deal reflects her record-breaking achievements and recognition as one of the world’s greatest songwriters”.
Swift’s 1989 was Universal’s biggest money-making record in 2015, despite having been released in October 2014.
“Sony/ATV is proud to say taylor’s new deal reflects her record-breaking achievements.”
According to the IFPI, 1989 sold 6 million copies in 2014 and 3.5 million copies in 2015.
The album surpassed 5m US sales in July 2015, making it the fastest-selling record to reach the figure in more than 10 years.
1989 – along with Swift’s previous four studio LPs – continues to be unavailable on Spotify.
Swift’s recorded music rights are assigned to independent Nashville label Big Machine, which is in turn globally distributed by Universal Music Group.
In August, Sony Corporation was granted unconditional permission by the European Commission to complete its buyout of the Jackson Estate’s 50% stake in Sony/ATV.
The deal faced fierce opposition from quarters including Warner Music Group and indie label body IMPALA, but EC regulators today ruled in Sony’s favour.Music Business Worldwide