According to reports, rapper Iggy Azalea has sold a portion of her masters and publishing catalog in an epic 8-figure deal.

According to a recent report from Billboard, “a source close to the deal,” revealed that Azalea’s deal with Domain Capital Group covered all of the artist’s ownership in her existing music library, with an additional “trigger” included for potential future masters earnings.

While the report did not include the exact amount of the deal, an “eight-figure deal” was mentioned, with the rapper also stating that, “I don’t have to work another day in my life.” Iggy owns the entire Bad Dreams record label, which is now nearing a new, undetermined distribution agreement.

Concerned fans reacted to social media following Monday’s Billboard article, with many asking the rapper if the move was a smart one, while another said that they “hope she doesn’t end up like Taylor.”

Emphasizing the key difference between Taylor Swift’s master’s sale and hers, Iggy told the Twitter user:

“Taylor did not profit from that sale. 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,” Azalea asserted.

Adding, “I love y’all down but the masters conversation is a little beyond most of your understanding of business.”

Another Twitter fan inquired whether the choice to sell her master and publishing catalog was premeditated or a spur-of-the-moment decision.

Azalea wrote in response, “I have a larger business I want to invest in.”

According to all accounts, Iggy is satisfied with her decision since, as she explained, it allows her to pursue other business endeavors.

Stay tuned to YEEEAAH! Network for more news.

Mingle