Iggy Azalea bagged a big chunk of money. The Australian rapper has sold her previous music catalog to investment firm Domain Capital. This is according to a report by Billboard . Iggy is said to have made eight figures from the deal. That means: At least $ 10 million should have flowed into the pockets of the rapper. The artist commented on this step on Twitter.
Iggy Azalea defends her million dollar deal
Iggy Azalea’s discography is not overly extensive. It includes three studio albums, a couple of EPs and two mixtapes from their early days. But Iggy had tons of hits: “Work”, “Fancy” or “Black Widow” are just a few of her platinum songs. With Bad Dreams Records she has now founded her own label and released independently. Her publications from the first quarter of 2023 should also belong to her again, writes Billboard. For people hoping Iggy Azalea won’t end up like Taylor Swift (the artist has taken to re-singing her old albums in a music rights dispute ), the rapper tweeted:
“TAYLOR DID NOT BENEFIT FROM THE SALE. I SOLD PART OF MY CATALOG FOR AN AMOUNT THAT MEANS I WILL NEVER HAVE TO WORK AGAIN IN MY LIFE.”
The 32-year-old loves all of her fans, but the talk about master rights is beyond most people’s understanding.
Domain Capital doesn’t just have the rapper’s music on the agenda. In a press release , the company says it intends to raise more than $700 million as part of an entertainment fund. The focus is on film, television and music.
Apparently, Iggy already has something in mind with her share of this pie: “I have a bigger business that I want to invest in,” she explains. She does not say where she wants to use her fresh capital.