Iggy Azalea It has sold its master recording and publishing catalog to Domain Capital for an eight-figure sum, a source close to the deal said. Billboard. The wide-reaching deal covers 100% of Azalea’s current catalog, including the No. 1 hits “Fancy” (featuring Charli XCX), “Black Widow” (featuring Rita Ora), and “Problem” (featuring Ariana Grande). ), and are included. This includes “an additional trigger” for Azalea to earn future revenue on the master recordings.
The rapper’s discography includes The New Classic, Surviving the Summer (EP), and in my defense And the end of an era. Although she previously released music under deals with Virgin EMI and Island Records, Azalea has since established her own label. Called Bad Dreams, it was formerly distributed by Empire, but is now in the midst of closing a new distribution deal with a different firm, sources say.
The independent rapper owns 100% of her Bad Dreams label, and she will be able to solely own and publish all of her upcoming music starting in Q1 2023. On the publishing side, she has an administrative deal with Sony Music Publishing.
These days, the Australia native is living in Miami working on her next album and parenting her son, Onyx, who she welcomed in 2020. She plans to release a full project sometime next year.
Azalea’s deal was revealed just weeks after Domain Capital announced it closed more than $700 million in commitments to the Coming Entertainment Fund. In its press release about the fund on November 1, Domain Capital stated that it has committed over $170 million in film, television and music investments to date.
“We are excited to launch our first diversified private entertainment royalty fund,” said Anthony Titanegro, executive managing director of Domain Capital Group, in the release. “At a time of continued growth of the entertainment industry, supported by an ever-evolving landscape of distribution channels, we are focused on creating a diversified asset-base to generate cash yield and help preserve the capital of our investors.” the firm refused Billboard’s Request for comment.