Iggy Azalea has reportedly sold off her master recordings and publishing catalog to Domain Capital in a lucrative eight-figure deal.
According to Billboard, the deal finds Iggy handing over “100 percent of her existing catalog,” but there’s a clause where she can earn future revenue on her masters.
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As an independent artist and owner of her Bad Dreams label, she’ll still maintain control of her masters and publishing when it comes to her new music as Iggy is expected to release a full-length project in 2023 after not releasing any music this year.
The deal is filled with four projects and her string of mid-2010s pop hits including Hot 100 No. 1 “Fancy,” “Problem” featuring Ariana Grande and the Rita Ora-assisted “Black Widow.”
Iggy took to Twitter after news of the deal went public and explained she plans to invest the cash in a “larger business.”
The Azalea catalog acquisition comes on the heels of Domain Capital’s announcement that it had compiled $700 million worth of investments for a commingle entertainment fund.
The 32-year-old had previously planned to retire following 2021’s The End of an Era project, but she channeled her inner-Michael Jordan and announced she was back in the rap game in August.
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“A year ago I was willing to walk away from music because I was tired of the negative energy it attracted,” she tweeted. “But what I’ve learned is that even when I’m minding my business, y’all gonna be negative AND nosey. So if I can’t have peace, neither can you. I’m coming back. Cry about it.”
In the past, Iggy Azalea has repeatedly voiced her issues with the music industry.
“The music industry is so fucked when it comes to taking advantage of/not respecting the women successfully operating within it; as well as those aspiring to break into it. It’s actually sad,” she tweeted in 2019.
Iggy Azalea kept busy this summer as the supporting act on Pitbull’s North American Can’t Stop Us Tour.
