No, Taylor Swift's father, Scott Swift, did not buy a record label. This is a common misconception that has circulated online. What actually happened is that Scott Swift purchased a small stake (around 3%) in Big Machine Records, Taylor's former record label, back when she first signed with them in 2004.

Scott Swift's investment was roughly $120,000, which was a relatively modest amount in the music industry. This investment was made to help jumpstart Taylor's career when she was just beginning as a country music artist. It's important to note that this minority stake did not give him any control over the label or its operations.

Big Machine Records was founded and primarily owned by Scott Borchetta, not the Swift family. In 2019, the label was sold to Scooter Braun's Ithaca Holdings for approximately $300 million, which led to the highly publicized dispute over Taylor Swift's master recordings.

After leaving Big Machine Records in 2018, Taylor Swift signed with Universal Music Group's Republic Records, where she currently releases her new music. She has since been re-recording her earlier albums to regain control of her music catalog, a process known as "Taylor's Version."

To clarify the key points:

• Scott Swift made a minority investment (3%) in Big Machine Records
• He never owned or bought the record label
• The investment was made in 2004 when Taylor first signed
• The label was later sold to Scooter Braun, not the Swift family

This information has been verified through multiple reliable sources and public statements from both Taylor Swift and Big Machine Records representatives.

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