Enrique Iglesias has bought the rights to his catalog to Affect Media Companions as half of a bigger take care of the music rights agency.
Whereas full phrases of the deal weren’t disclosed, it’s rumored to be value nine-figures and consists of his identify, picture, and likeness rights. It additionally consists of an funding in each his impartial grasp recordings and recorded music royalty streams.
His catalog consists of 11 studio albums, 5 compilation albums, and 62 singles together with hits like “Hero,” “Bailando,” and “I Like It.” Affect Media Companions was based in 2018 by Lylette Pizzaro. In 2022, BlackRock and Warner Music Group invested $750 million in Affect Media to amass catalogs from feminine and various artists. The fund has since invested in 26 catalogs of artists together with Julia Michaels, Future, Blake Shelton, The Sterotypes, Ali Tamposi, and extra.
“My songs maintain immense significance for each my followers and me,” Iglesias mentioned in a press release in regards to the deal. “I’m excited to be working with the Affect Media workforce. I really feel assured we are going to construct a permanent partnership for my music and future tasks.”
“Enrique is a world icon and having him as part of our Affect media household is a game-changing second for us,” provides Lylette Pizzaro, Affect Media Co-Managing Associate. “For 1 / 4 of a century, he has captivated followers globally with chart-topping and record-breaking hits. He has performed a pivotal position in introducing bilingual music to the lots. We couldn’t be extra excited to associate with one of the vital recognizable figures in trendy music.”
Different latest again catalog acquisitions embody HarborView’s acquisition of Christine McVie’s share of Fleetwood Mac report royalties and Pat Benatar & Neil Giraldo’s portion of their publishing catalog and recorded music property. Iconic Artists Group snapped up Graham Nash’s publishing catalog, whereas Reservoir Media grabbed Joe Walsh’s portion of his publishing catalog.