Iggy Azalea revealed that she has sold some of her old catalog.
The Fancy rapper clarified messages surrounding the sale of her master recordings in a Monday tweet.
After the Female Rap Room reported that the rapper had “sold her master recording and publishing catalog (ue) to investment firm Domain Capital for an eight-figure sum,” Iggy responded to a fan expressing concern about the deal.
One fan responded to the Female Rap Room report on Twitter, “I just hope she doesn’t end up like Taylor (Swift),” referring to the All Too Well singer’s dispute over her master recordings with Big Machine.
While Taylor was promoting the release of her song Lover, talent manager Scooter Braun bought her Big Machine record label. During the takeover, Taylor proposed to buy back her master recordings, but the label – now under new management – refused.
Iggy assured the fan that no such dispute was imminent in her situation, pointing out the differences between Taylor’s Big Machine deal and her own Domain Capital deal.
She also revealed that only a “portion” of her back catalog was included in the latest deal.
“Taylor didn’t profit from that sale. I have sold part of my catalog(s) to whomever I wanted for an amount that means I don’t have to work another day in my life,” Iggy wrote. “I love you all, but the conversation with the masters is a little beyond most of your understanding.”