Iggy Azalea has reportedly bought her publishing and masters in a deal that’s mentioned to be value eight-figures.
On Monday (Nov. 21), Billboard reported the “Fancy” rapper is cashing out by transacting the rights to her musical catalog to Domain Capital Group. Iggy’s physique of labor contains the LPs The New Classic, In My Defense and The End of an Era. She’s additionally launched the EPs Glory, Change Your Life, Survive the Summer and Wicked Lips. In 2019, she began he personal label referred to as Bad Dreams. The deal contains the Billboard chart-topping single “Fancy” that includes Charli XCX and different Iggy hits like “Black Widow” that includes Rita Ora and “Problem” that includes Ariana Grande, and has the potential to earn the Aussie MC future income.
Earlier this month, DCG introduced a $700 million dedication to buying rights to movie, tv and music property.
“We are excited to launch our first diversified private entertainment royalty fund,” mentioned Anthony Tittanegro, government managing director of Domain Capital Group in the discharge. “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.”
XXL has reached out ot Iggy Azalea’s workforce and Domain Capital Group for remark.
More and extra rappers are starting to promote their masters for giant lump sums. Future lately bought the vast majority of his publishing in a deal reported to be value round $75 million earlier this yr. Chuck D reportedly bought a big portion of his Public Enemy catalog publishing rights this yr. In 2019, funding firm Hipgnosis Songs Fund Limited purchased the rights to Timbaland’s catalog. They additionally purchased up a majority stake in The-Dream’s catalog for $23 million in 2018. In September, it was reported Kanye West was promoting his publishing. However, Ye denied the claims.
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