Olivier Chastan’s acquisition automobile Iconoclast has revealed its newest music rights deal.
In keeping with a press launch issued by the corporate right this moment (September 25), it has acquired the “publishing rights to the catalog of double platinum-selling and Grammy Award-winning hip hop artist Eve”.
Sources inform MBW that the transaction was an eight-figure deal, within the ballpark of between $25 million and $50 million.
Described by Iconoclast as a “trailblazer” within the music trade, Eve first gained recognition within the late Nineties together with her debut album Let There Be Eve…Ruff Ryders’ First Woman, which made her the third feminine rapper in historical past to succeed in No. 1 on the Billboard 200.
With hit singles like Gangsta Lovin, Love Is Blind, and Who’s That Lady, Iconoclast notes that “Eve turned a defining voice in hip-hop, recognized for her lyrical prowess, dynamic stream, and distinctive fusion of rap and R&B influences”.
Eve has beforehand collaborated with artists like The Roots, Missy Elliott, Alicia Keys, and others.
Eve and Gwen Stefani gained the Grammy Award for Finest Rap/Sung Collaboration for the music Let Me Blow Ya Thoughts in 2002.
Let Me Blow Ya Thoughts was additionally just lately sampled by Central Cee in his July 2022 hit Doja.
Iconoclast founder Olivier Chastan is a veteran music govt and was beforehand CEO at Irving Azoff’s Iconic Artists Group.
Chastan based Iconoclast in late 2021, and on the time bought Robbie Robertson’s music publishing and NIL (identify, picture & likeness) rights, plus his recorded music pursuits, masking his profession to this point.
Most just lately, in March, Iconoclast struck a deal for a catalog of music property of legendary singer and artist Tony Bennett.
Final month, Iconoclast entered right into a strategic partnership with Colorado-based Ujama Designs to amass publishing and NIL (identify, picture & likeness) of “culturally vital” reggae artists.
“Eve’s contributions to hip hop and common tradition are unparalleled. She’s not solely an amazing artist however a real pioneer for ladies within the style.”
Olivier Chastan, Iconoclast
Olivier Chastan, founder and CEO of Iconoclast, stated: “Eve’s contributions to hip hop and common tradition are unparalleled. She’s not solely an amazing artist however a real pioneer for ladies within the style.
“We’re honored to assist protect and elevate her unimaginable legacy, making certain that her affect continues to encourage future generations of artists and followers alike.”
Henry Root of Smith Leisure Legislation represented Iconoclast, with Michael Poster of Michaelman & Robinson, LLP serving as advisor, and Wayne Russell and Pippa Wealthall of Large Administration represented Eve within the transaction, in addition to Talya Shalsom and Tim Smith of Statham Gill Davies Legislation, with Benjamin Vermeil of Jab Music facilitating the deal.
Elsewhere at Iconoclast, in August 2023, the corporate acquired the producer royalties of composer, songwriter, and producer Giorgio Moroder.
In Might 2023, the agency acquired the music publishing catalog of Beyonce and M.I.A. collaborator, Change.
In February 2023, Iconoclast acquired the catalog of Mad Respectable Publishing, co-founded by DJ and producer Diplo and Kevin Kusastsu.
In March 2023, Iconoclast snapped up the music publishing catalog of Woman Gaga co-writer and producer Nick Monson.
In July 2022, veteran music govt and producer Irv Gotti (Irving Lorenzo), the founding father of rap label Homicide Inc, bought a stake in his grasp recordings to Iconoclast in a deal price $300 million.
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