Iggy Azalea has sold her entire masters and publishing catalog in an eight-figure deal to Domain Capital. The deal includes 100% of the Australian rapper’s share of hits including “Fancy” and “Problem.” It also allows for Azalea to earn future revenue on master recordings, Billboard reports.
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Though some fans expressed concerns and even compared Azalea’s sale to Taylor Swift, the “Black Widow” rapper tweeted, “Taylor did not profit from that sale. I sold a portion of my catalog to who I wanted, for an amount that means I don’t have to work another day in my life. I love y’all down but the masters conversation is a little beyond most of your understanding of business.”
Taylor did not profit from that sale.
I sold a portion of my catalog to who I wanted, for an amount that means I don’t have to work another day in my life.
I love y’all down but the masters conversation is a little beyond most of your understanding of business.
— IGGY AZALEA (@IGGYAZALEA) November 21, 2022
Recently, Domain Capital announced its $700 million looming investment across film, television, and music. The company has already forked over $170 million of that pledge.
“We are excited to launch our first diversified private entertainment royalty fund,” Anthony Tittanegro, executive managing director of Domain Capital Group, shared in a statement. “At a time of sustained entertainment industry growth supported by an ever-evolving landscape of distribution channels, we are focused on building a diversified asset-base to generate cash yield and help maintain our investors’ capital.”
Azalea is the latest artist to sell their catalog for a massive payout. Future sold his to Influence Media Partners back in September. His reasoning? “I put everything into my music, and I wanted to make sure these were in good hands as I thought about the next chapter of these songs,” said the I Never Liked You rapper, 39, in a statement. “I’m proud to partner up with Rene and the team at Influence Media and send a signal that this music has timeless value. My music is my art, and these songs represent some of the most precious artwork of my career.”