The Australian rapper says the deal is worth “an amount that means I don’t have to work another day in my life.”
Iggy Azalea revealed that she’s sold her master recordings and publishing catalog to Domain Capital Group. A source close to the deal says the agreement included Azalea’s shares in her current catalog.
According to Billboard’s report on the deal, a “trigger” on future earnings was a part of the deal. Meanwhile, Azalea’s Bad Dream label, which is owned by Azalea, has a new distribution deal on the horizon.
With the news going public, some drew comparison to Taylor Swift’s master recordings controversy. Swift had left Big Machine when she signed with Republic Records in late 2018. Scooter Braun’s holding company Ithaca Ventures purchased Big Machine Label Group for more than $300 million. Swift’s back catalog had been part of the deal, which led to the singer re-recording two of her albums so far, Fearless (Taylor’s Version) and Red (Taylor’s Version).
Azalea quips that Swift did not profit from her deal, while she personally did.
“Taylor did not profit from that sale,” Azalea tweeted. “I sold a portion to who I wanted, for an amount that means I don’t have to work another day in my life. I love y’all down, but the master’s conversation is a little beyond most of your understanding of business.”
The Australian rapper responds to another Twitter user, who was throwing shade at another Twitter user, who orginally tweeted: “When you have a catalog worth any revenue. THEN YOU CAN SPEAK ON LEGENDARY ARTISTS.”
Iggy Azalea also explains that she sold her catalogs and masters because she has “other business” she’d like to invest in. She also responds to another Twitter user who wondered about another possible tour: “Not in 2023 cause my back literally needs a break. Lollllll
But I’m aiming to drop a project instead!”
The exact dollar amount worth of the deal hasn’t been revealed.
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