Swift lost control of the masters when Braun snapped them up from the pop diva’s former label. She made her dissatisfaction with the deal known publicly; Braun sold the recordings to Shamrock for roughly $300 million, but Swift complained Braun would still benefit from her work.

In a bid to gain control over her own music, the singer-songwriter rerecorded most of her old studio albums. Then she bought the old ones back. What do we do with the Taylor’s Versions now?

Reports of Taylor Swift paying $1 billion to buy back her own masters is "highly inaccurate," a source tells PEOPLE. The singer revealed on Friday May 30 that she regained control of her masters after six years.