Enrique Iglesias has sold his entire catalog of songs to the company Influence Media Partners, according to Bloomberg. The price of the operation is unknown, but according to the sources cited by the media it exceeds 100 million dollars.
Influence Media has announced that, in addition to "collaborating in the management of the rights of his discography throughout his professional career", the agreement also includes the image rights of Enrique Iglesias "to expand future licensing opportunities".
Enrique Iglesias released his last album two years ago, Final Volume 1, and remains an artist with great commercial pull on platforms, with more than 26 million monthly listeners on Spotify. During his career, which began in 1995, more than 180 million copies of his albums have been sold, according to data from Influence Media, and the Madrid-born artist remains one of the most successful Latin artists in the history of pop. In addition, he has won a Grammy Award and five Latin Grammys.
This is the first deal of its kind for Influence Media, a company founded in 2019 and backed by record label Warner Music Group and investment firm BlackRock Alternative Investors. Influence Media announced last year that it has a €700 million fund to invest in what it calls "high-value songs from diverse artists."
Among others, this song publisher has reached agreements with artists such as Future, Blake Shelton, The Stereotypes, Jessie Reyez, Julia Michaels, Tyler Johnson, Logic and Puerto Rican songwriter and producer Tainy, Bad Bunny's right-hand man.
- music
- Pop