Enrique Iglesias has reportedly sold his music catalogue to Influence Media Partners for a nine-figure pay day.
According to the terms of the deal, in addition to his music, the Hispanic hitmaker will also allow IMP to use his name, image, and likeness in a bid to boost licensing opportunities.
In a statement about the sale, Iglesias said “My songs hold immense significance for both my fans and me. I’m excited to be working with the Influence Media team. I feel confident we will build an enduring partnership for my music and future projects.”
Influence Media Founder and Co-Managing Partner Lylette Pizarro stated:
“Enrique is a global icon and having him as a part of our Influence Media family is a game-changing moment for us.” “For a quarter of a century, he has captivated fans globally with chart-topping and record-breaking hits. From ‘Experiencia Religiosa’ to ‘Hero’ and ‘Bailando’ to ‘I Like It’ and ‘Be With You,’ there are few artists who come close to accomplishing what Enrique has achieved commercially. He has played a pivotal role in introducing bilingual music to the masses. We couldn’t be more excited to partner with one of the most recognisable figures in modern music.”
Following in the musical footsteps of Blake Shelton, Future and Julia Michaels, the now 48-year old, the iconic Latin superstar is the latest in an ever-expanding list of musicians to sell off their rights.
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Author: Al Denté
Photo: Kapeksas