Australian rapper Iggy Azalea has sold her master recording and publishing catalog to the Atlanta-based Domain Capital Group for a whopping eight figure sum.
The deal, first reported by Female Rap Group, includes her biggest hits, including “Fancy,” “Proble,” and “Black Widow.”
According to Billboard, an “additional trigger” will allow the performer to earn future revenue from her masters. The deal was brokered by her manager Reece Pearson and her attorney Peter Paterno.
“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,” Azalea confirmed the news last week on social media.
The rapper’s discography includes The New Classic, Surviving the Summer (EP), and In My Defense and The End of an Era.
“We are excited to launch our first diversified private entertainment royalty fund,” Anthony Tittanegro, executive managing director of Domain Capital Group said in the release. “At a time of sustained entertainment industry growth supported by an ever-evolving landscape of distribution channels, we are focused on building a diversified asset-base to generate cash yield and help maintain our investors’ capital.”
(Photo: Laura Murray)
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