Monday, Billboardpublished a report citing “a source close to the deal” that said Azalea’s agreement with Domain Capital Group included all of the artist’s shares in her current catalog. Additionally, the report added, a “trigger” for future earnings on masters was also part of the deal.
As is customary with news of this variety, the exact amount of the deal has not been publicly disclosed. Monday’s report, however, did describe the sale as constituting an “eight-figure deal.” Meanwhile, Iggy’s Bad Dreams label is fully owned by the artist and now has a new, to-be-finalized distribution deal on the horizon.
Complex has reached out to Domain Capital Group for comment, as well as to a rep for Iggy. This story may be updated.
In tweets addressing the catalog deal, Iggy pushed back against a comparison to Taylor Swift’s master recordings controversy, notably highlighting how 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.
The End of an Era, Iggy’s third studio release, arrived via Bad Dreams and Empire in August of last year. “Fancy,” her blockbuster 2014 hit with Charli XCX, has been certified eight-times platinum by the RIAA as of March 2020.