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 Unhealthy Desires is totally 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 “didn’t revenue” from that deal.
“I offered a portion of my catalog to who I needed, for an quantity which means I don’t must work one other day in my life,” Azalea defined.
“I like y’all down however the masters dialog is a little bit past most of your understanding of enterprise.”
One other individual requested the Australian artist why she had determined to promote now, to which she replied: “I’ve a bigger enterprise I need to spend money on.” You may see these posts and extra under.
Taylor didn’t revenue from that sale.
I offered a portion of my catalog to who I needed, for an quantity which means I don’t must work one other day in my life.
I like y’all down however the masters dialog is a little bit past most of your understanding of enterprise.— IGGY AZALEA (@IGGYAZALEA) November 21, 2022
I’ve a bigger enterprise I need to spend money on.
— IGGY AZALEA (@IGGYAZALEA) November 21, 2022
Not in 2023 trigger my again actually wants a break. Lollllll
However I’m aiming to drop a undertaking as a substitute! https://t.co/EzIKDOCoMw— IGGY AZALEA (@IGGYAZALEA) November 23, 2022
You don’t know the reality since you don’t see their deal buildings. Have an incredible night time.
— IGGY AZALEA (@IGGYAZALEA) November 23, 2022
In a separate tweet, Azalea mentioned she is “aiming to drop a [new] undertaking” sooner or later in 2023.
Azalea launched her third and newest studio album, ‘The Finish Of An Period’ in August 2021 by way of Unhealthy 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 “concentrate on different inventive tasks and issues I’m feeling passionate [about] and impressed by”.
This summer season, Iggy Azalea informed followers that she would quickly be returning. “I’m coming again,” she wrote on social media. “Cry about it.”