Iggy Azalea has revealed she sold part of her back catalogue.
The Fancy rapper clarified reports surrounding the sale of her master recordings in a tweet on Monday.
After the Female Rap Room reported the rapper had “sold her master recording and publishing catalog(ue) to investment services firm Domain Capital for an eight-figure sum”, Iggy responded to a fan who expressed concern about the deal.
A fan replied to Female Rap Room’s report on Twitter, “I just hope she doesn’t end up like Taylor (Swift),” referencing the All Too Well singer’s dispute over her master recordings with her former label Big Machine.
Talent manager Scooter Braun bought Taylor’s former label and with it, the master recordings of her first six albums.
Iggy assured the fan no such dispute was imminent in her situation, pointing out the differences between Taylor’s Big Machine deal and her own Domain Capital one.
She also revealed only a “portion” of her back catalogue was included in the latest deal.
“Taylor did not profit from that sale. I sold a portion of my catalog(ue) to who I wanted, for an amount that means I don’t have to work another day in my life,” Iggy wrote. “I love y’all down but the masters conversation is a little beyond most of your understanding of business.”
– Cover Media