Domain Capital has purchased Iggy Azalea‘s master recording and publishing catalog for a hefty eight figures.
According to Billboard, the acquisition includes 100% of the rapper’s share of her catalog, which covers her hits like “Fancy,” “Black Widow” and “Problem.” Her discography features her releases under Virgin EMI, Island Records and her own Bad Dreams label, while her publishing is done via Sony Music Publishing. Staring Q1 2023, she will fully own her masters and publishing, while “an additional trigger” allows her to earn future revenue from her other masters.
“We are excited to launch our first diversified private entertainment royalty fund,” Anthony Tittanegro, executive managing director of Domain Capital Group in the release, said in a statement. “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.”
Elsewhere in music, the Mac Miller estate is celebrating 10 years of You, the album of Miller’s side project Larry Lovestein & The Velvet Revival.
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