Iggy Azalea has admitted to selling her publishing rights and master recordings in a deal worth, in Iggy’s words, “an amount that means I don’t have to work another day in my life.” A report from Billboard on Monday said that Azalea’s transaction with Domain Capital Group includes all of the artist’s holdings in her current catalog, citing “a person close to the deal.”
Also included in the agreement, according to the story, was a “trigger” for potential future masters profits. The specific value of the transaction has not been made public, as is common with news of this nature. Although the sale was referred to as a “eight-figure deal” in Monday’s story.
Iggy owns the whole Bad Dreams record label, which is currently nearing a new, undetermined distribution agreement. Taylor Swift’s master recordings dispute was brought up in tweets about the catalog deal, but Iggy rebutted the comparison by emphasizing that Swift “did not profit” from the sale.
“I sold a portion of my catalog to who I wanted, for an amount that means I don’t have to work another day in my life,” Iggy said, adding that the ins and outs of the larger masters discussion is “a little beyond” most fans’ level of industry knowledge.
Iggy’s third studio album, The End of an Era, was released in August 2017 by Empire and Bad Dreams. As of March 2020, the RIAA has awarded “Fancy,” her massive 2014 single with Charli XCX, an eight-time platinum certification.