australian rapper, Iggy Azalearecently sold its music catalog for an eight-figure sum to the investment group, Capital of the domain.
WATCH: Iggy Azalea poses on the VMAS mat. The article continues after the video.
After reports emerged this week regarding the deal, Azalea took Twitter to comment on its recent financial success.
“That means part of the songs I sold to a company that now owns them. In return, they paid me what they would have earned in my lifetime, upfront in one lump sum,” she wrote to a curious commenter.
The breaking article of Billboard reported that the Cream The singer’s deal included her entire catalog and masters, as well as an “additional trigger” for her to earn future revenue for her masters. This announcement was preceded by news that Capital of the domain recently closed over $700 million in commitments to a mixed entertainment fund.
Commentators were quick to compare the deal to the Taylor Swift music ownership controversy where the Anti-hero The singer was denied the rights to her own songs. After a long public battle, the singer announced that she would be re-recording her previous albums and has since released two Taylor’s version scrapbooks.
Azalea responded to the speculation with a pointed response, writing, “Taylor did not profit from this sale. I sold some of my catalog to whoever I wanted, for an amount that saves me from working a day of more in my life.
While most celebrated his financial success, others were equally skeptical of the intent of his response.
Regardless, the rapper and her mom continued to celebrate her success on the social platform, confirming to commentators that her deal was between $10 million and $99 million.
As for his future plans? The artist is also the founder and sole owner of the label, bad dreamsand plans to release another album in the coming year.