Iggy Azalea is the latest artist to sell her master recordings and publishing catalogue. The reported 8 figure deal is with Domain Capital according to Billboard.
100% of Iggy’s share of her existing catalogue will now be owned by Domain Capital but she will get “an additional trigger” to earn future revenue on master recordings.
The deal is said to be brokered by her manager Reece Pearson and her attorney Peter Paterno.
The “Fancy” singer first earned popularity after releasing the music videos for her songs “Pussy” and “Two Times” on YouTube. Azalea shortly after released her debut mixtape, Ignorant Art (2011), and subsequently signed a recording contract with American rapper T.I.’s Grand Hustle record label.
She now owns 100% of her Bad Dreams label. She will be able to fully own her masters and publishing on all future music, starting January 2023. The Australian rapper has an administration deal with Sony Music Publishing.
Domain Capital closed more than $700 million of equity commitments for a new entertainment fund and co-investment vehicle focused on film,television, and music as reported in Music Business Worldwide.
In their press release about the fund on Nov. 1, Domain Capital stated that it had already deployed more than $170 million in film, television and music investments to date.
“We are excited to launch our first diversified private entertainment royalty fund,” said Anthony Tittanegro, executive managing director of Domain Capital Group in the release. “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.”
Iggy Azalea joined Miami rapper Pitbull on his Can’t Stop Me Now tour on select dates. Marking the second time Azalea joined Pitbull, following his 2021 I Feel Good Tour.
