Wednesday, November 23, 2022
HomeMusicIggy Azalea sells recordings and publishing catalog for eight figures

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 supply near the deal” who claimed Azalea’s settlement with Area Capital Group included all the rapper’s shares in her present catalog.

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

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

Iggy Azalea performing live on-stage in 2022
Iggy Azalea performs dwell. CREDIT: Getty

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 “didn’t revenue” from that deal.

“I offered a portion of my catalog to who I wished, for an quantity meaning I don’t need to work one other day in my life,” Azalea defined.

“I like y’all down however the masters dialog is somewhat past most of your understanding of enterprise.”

One other particular person requested the Australian artist why she had determined to promote now, to which she replied: “I’ve a bigger enterprise I wish to put money into.” You possibly can see these posts and extra beneath.

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

Azalea launched her third and newest studio album, ‘The Finish Of An Period’ in August 2021 through Dangerous Desires/ Empire.

Shortly earlier than the document got here out, she introduced that she was set to “take a number of years” away from music to “deal with different artistic initiatives and issues I’m feeling passionate [about] and impressed by”.

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



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