Iggy Azalea has reportedly auctioned off the rights to her recording and publishing catalog in an eight-figure deal. By way of the deal, Domain Capital, a finance firm based in Atlanta, will gain the rights to tracks like “Fancy” featuring Charli XCX, “F*ck It Up” featuring Kash Doll and “Black Widow” featuring Rita Ora.
“We are excited to launch our first diversified private entertainment royalty fund,” Domain Capital Group Managing Director Anthony Tittanegro told Billboard.
“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.”
The Australian artist appears to be pretty satisfied with the terms of the deal. Shortly after news of the deal became public, she hopped on Twitter to let others know that she would never have to work again because of it.
“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,” she tweeted.
“I love y’all down.”
