spanish singer, Enrique IglesiasHe has decided to sell everything Music chart to do Influence media partnersA platform focused on investing in the recording and publishing rights of songs that have commercially proven resonance in pop culture.
That’s the size though Churches Earnings have not been officially disclosed, various sources close to the Spanish musician indicate that the hero translator has earned more than 9 figures, meaning more than $100 million dollars.
It should be noted that in addition Influence media partners Henceforth all music rights remain Enrique IglesiasThe New York company will also own the rights to the artist’s name and image.
Thanks for this action, Churches joins a select list of artists who have decided to sell their music catalog to a company like Shakira, Justin Bieber, Red Hot Chili Peppers, Bob Dylanamong others.
What does it mean that Enrique Iglesias has sold his entire music catalog?
According to a Bloomberg report, Enrique Iglesias He actively participated in the sales of his music Influence media partners. However, according to the singer’s manager, Fernando Giacardi, Iglesias’ roster may have spent more than they received.
“We could have made more money if we had gone to more places, but we didn’t, because that’s not what it’s about.”
According to Giacardi, the object or purpose of the agreement was to obtain mutual benefits for Enrique Iglesias and both. Influence MediaIn addition to having a partner to help propel Spanish music and film to new levels.
Be aware though Churches No longer owning the rights to their songs, this does not prevent the artist from continuing to collaborate with other authors, releasing “loose” songs or singles, creating compilation albums, or continuing tours. Even taking these steps would increase the value of his roster, which would translate into higher royalties for the Spaniard.
The Philando artist is currently touring the US and Canada with Ricky Martin and Pitbull. Likewise, a few months ago, Churches He released his latest song, titled Así es la vida, together with Argentine María Becerra.
Other artists who have sold their music catalog
After agreement between Enrique Iglesias with Influence media partners, the Spaniard joins other top artists who have decided to leave all rights to their careers in the hands of a company. Nobel laureate Bob Dylan sold his catalog to Universal for $300 million.
Also in the category is Sting, who received around $250 million dollars for the same rights. Another well-known case is that of Shakira, who earned several million dollars for her music career, although the amount of sales was not disclosed. However, the current record is held by Bruce Springsteen, who sold his catalog to Sony Music for $500 million.
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