No, Taylor Swift's father, Scott Swift, did not buy a record label. This is a common misconception that has circulated online. While Scott Swift did make an investment in Big Machine Records, Taylor Swift's former record label, he purchased only a small minority stake (around 3%) as an early investor when the label was founded in 2004.

Scott Swift's investment was approximately $120,000, which was a relatively modest amount in the context of music industry investments. This investment was made when Taylor Swift was first signing with Big Machine Records as a young artist, not as a means to buy control of the label.

The majority ownership and control of Big Machine Records remained with Scott Borchetta, who founded the label. In 2019, the label was sold to Scooter Braun's company, Ithaca Holdings, for approximately $300 million - a transaction that sparked significant controversy due to Taylor Swift's objections to Braun's ownership of her master recordings.

To clarify some key points:

- Scott Swift was a minority shareholder with approximately 3% ownership
- He did not have controlling interest in the label
- The investment was made in 2004 when the label was starting
- The amount invested was $120,000

This investment was a standard business practice where parents of young artists sometimes invest in the companies working with their children. It's important to note that this small investment did not influence Taylor Swift's career trajectory or give her family control over the label's operations.

In fact, Taylor Swift later left Big Machine Records in 2018 and signed with Universal Music Group's Republic Records, where she now has ownership of all her new master recordings. This move was completely independent of her father's previous minor investment in Big Machine Records.

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