Swift acquired the masters from private equity firm Shamrock Capital for somewhere around $360 million, sources tell Billboard. The sale comes six years after Scooter Braun’s Ithaca Holdings purchased her catalog from Big Machine’s Scott Borchetta in 2019, later selling his ownership of Swift’s music to Shamrock in late 2020.

Gomez has supported Swift since their friendship began more than a decade ago. The two singers were introduced by the Jonas Brothers in August 2008 and have been besties ever since. "We actually dated the Jonas Brothers together! It was hysterical," Gomez told KISS FM UK in 2017.