Iggy Azalea sells recordings and publishing catalog for eight figures

Iggy Azalea has revealed that she has offered her grasp recordings and publishing catalog in an enormous deal.

On Monday (November 21), Billboard cited “a source close to the deal” who claimed Azalea’s settlement with Domain Capital Group included all the rapper’s shares in her present catalog.

It was additionally reported {that a} “trigger” for future earnings on masters was a part of the deal. The article stated that the sale was “eight-figure[s]”, although a precise sum has not but been disclosed.

Additionally, Azalea’s label Bad Dreams is absolutely owned by the artist and now has a brand new distribution deal that’s nonetheless to be finalised.

Azalea subsequently addressed the catalog deal on Twitter, shutting down a comparability to Taylor Swift’s controversial grasp recordings sale. The rapper famous how Swift “did not profit” from that deal.

“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,” Azalea defined.

“I love y’all down but the masters conversation is a little beyond most of your understanding of business.”

Another particular person requested the Australian artist why she had determined to promote now, to which she replied: “I have a larger business I want to invest in.” You can see these posts and extra beneath.

i just hope she doesn’t end up like taylor (no shade at all, just using it as an example)

— 💮 (@BlGBARBlEBlTCH) November 21, 2022

In a separate tweet, Azalea stated she is “aiming to drop a [new] project” sooner or later in 2023.

Azalea launched her third and newest studio album, ‘The End Of An Era’ in August 2021 by way of Bad Dreams/ Empire.

Shortly earlier than the report got here out, she introduced that she was set to “take a few years” away from music to “focus on other creative projects and things I’m feeling passionate [about] and inspired by”.

This summer time, Iggy Azalea instructed followers that she would quickly be returning. “I’m coming back,” she wrote on social media. “Cry about it.”