No, Taylor Swift's father did not buy a record label. This is a common misconception that has circulated online. Scott Swift, Taylor's father, did purchase a small stake (around 3%) in Big Machine Records in 2004 when Taylor first signed with the label, but he did not buy the entire record label or have a controlling interest.

The investment Scott Swift made was approximately $120,000, which was a relatively small amount considering the overall value of Big Machine Records at the time. This investment was made to help support his daughter's musical career when she was just starting out.

It's important to note that Big Machine Records was founded and owned by Scott Borchetta, not the Swift family. The label was later sold to Scooter Braun's Ithaca Holdings in June 2019 for approximately $300 million, which led to a public dispute between Taylor Swift and the new ownership over the rights to her master recordings.

Here are the key facts about Swift's relationship with Big Machine Records:

- Taylor signed with Big Machine Records in 2004 at age 14
- Her father purchased a minority stake (approximately 3%) in the label
- The label was owned and operated by Scott Borchetta
- Taylor Swift left Big Machine Records in 2018 for Universal Music Group
- She did not own her master recordings, which remained with Big Machine

Many fans have confused Scott Swift's minor investment with ownership of the label, but this is incorrect. The Swift family never had controlling interest or ownership of Big Machine Records at any point in time.

Today, Taylor Swift records under Republic Records, a division of Universal Music Group, where she negotiated a deal that allows her to own her master recordings for all new music created under the label.

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