Iggy Azalea Confirms ‘Eight-Figure’ Catalog Deal With Domain Capital: ‘I Don’t Have to Work Another Day In My Life’

Halsey, Iggy Azalea, Pink, Britney Spears + 3,500 Others Speak Out Against Grammys President Neil Portnow

Earlier this month, Domain Capital announced that it had obtained $700 million in “equity commitments” for an entertainment fund. Now, the company has purchased Iggy Azalea’s catalog “for an eight-figure sum,” according to the 32-year-old artist.

Word of this latest multimillion-dollar song-rights sale broke via The Female Rap Room today, and Iggy Azalea confirmed the deal by responding to the outlet’s tweet pertaining to the transaction. “I told them,” the Sydney native replied to one fan who inquired about how the site was so quick to write about the agreement.

(The Female Rap Room debuted in 2020 and describes itself as “an innovative space that documents and celebrates female rappers.”)

While Domain Capital didn’t look to have acknowledged the investment in a formal release at the time of this writing, the play reportedly encompasses the “Posh Spice” creator’s recorded and publishing catalogs. Similarly, though the precise sum behind the buyout hasn’t been publicly identified, Azalea indicated in one of several tweets on the matter that the resulting windfall means she doesn’t “have to work another day.”

“Taylor did not profit from that sale,” Azalea responded to one supporter’s concerns (stemming specifically from Taylor Swift’s much-publicized rights battle) about the newly unveiled deal. “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. I love y’all down but the masters conversation is a little beyond most of your understanding of business.”

And when asked about the timing of the decision to cash in on the song rights, the “Fancy” vocalist and songwriter responded simply: “I have a larger business I want to invest in.” Of course, time will reveal the details associated with these wider business plans of Azalea, whose fans appear to be rather eagerly anticipating her next release.

More broadly, the four-time Grammy nominee’s catalog sale represents one of many song-rights transactions that have come to fruition in 2022.

BMG, Reservoir Media, and Primary Wave have injected millions into music IP during the past month alone, and the latter business is poised to announce hundreds of millions of dollars’ worth of additional purchases before 2022’s conclusion, according to execs.

Meanwhile, BMG is said to still be in the running to buy Pink Floyd’s catalog despite a months-long holdup stemming from disputes between bandmembers and uncertainty surrounding the precise rights at hand. Notwithstanding this reported interest, it’s unclear whether the long-rumored deal will close at all.