in the month before she took her catalog down". According to Borchetta, the amount Swift earned from streaming her music videos on the Vevo site was greater than the payout she received from Spotify. Borchetta then clarified in a February 2015 interview that Swift's catalog would be permitted on a streaming service "that understands the different needs that we [Swift and Big Machine] have," whereby "the choice to be [on the free, ad-supported tier] or not" is provided. Borchetta argued that Swift's musical oeuvre is "arguably the most important current catalog there is" and stated that the streaming issue is "about each individual artist, and the real mission here is to bring ... attention to it." Taylor Swift's catalog returned to Spotify in June 2017. Acquisition by Ithaca Holdings In October 2018, Big Machine was placed for sale, with bids from Macquarie Group, Evan Spiegel and Universal Music Group. Big Machine was valued at $300 million. On June 30, 2019, Billboard reported that Scooter Braun's Ithaca Holdings had purchased Big Machine Records for $300 million, with funding from Carlyle Group. A few hours after the announcement of the purchase, Taylor Swift wrote on Tumblr that she was unaware of the buyer of the masters of her first six albums. Later that night, Scott Borchetta revealed through the Big Machine Label Group website of his and Swift's conversation regarding the purchase. A copyright issue arose later in the year just ahead of Swift's American Music Awards' Artist of the Decade performance when Swift tweeted regarding Big Machine's prohibition on the use of her old music. On August 22, 2019, Swift announced on Good Morning America that she would rerecord her first six albums in November 2020 and release them through Republic Records. On November 16, 2020, Variety reported that Big Machine had sold the rights to Taylor Swift's first six albums to Shamrock Holdings. Swift stated that she had not been contacted about the sale. On February 11, 2021, Swift announced that the first rerecorded song, "Love Story (Taylor's Version)", would be released the following day at midnight, which was then followed by the album Fearless (Taylor's Version) on April 9. Swift announced the next re-recorded album to be released, originally slated for a November 19 release then changed to a November 12 release date, would be Red (Taylor's Version), on June 18. Acquisition by Hybe Corporation On April 2, 2021,