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Enrique Iglesias sells catalog to BlackRock-backed Influence Media Partners

Enrique Iglesias performs during The Trilogy Tour at Footprint Center on Nov. 25 in Phoenix, Arizona. Photo: John Medina/Getty Images.

Enrique Iglesias has sold the rights to his entire catalog to Influence Media Partners as part of a larger deal with the BlackRock-backed music rights firm.

Why it matters: It's another sign the music royalties market has picked back up and represents one of the largest catalog deals for a Latino artist.

Details: In addition to Iglesias' catalog, the deal includes name, image and likeness (NIL) rights and includes an investment in both his independent master recordings and recorded music royalty streams.

  • Influence Media declined to provide financial details of the agreement.
  • Iglesias' catalog includes 11 studio albums, five compilation albums and 62 singles, including hits like "Hero," "Bailando" and "I Like It."
  • "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," Iglesias said in a statement.

The big picture: Iglesias is the latest deal in a market that's perked back up in recent months.

  • Broadcast Music Inc. — one of the biggest holders of music rights — was sold last month to an investor group led by New Mountain Capital in a deal that could be worth $1.7 billion.
  • Earlier this fall, Apollo helped to back Concord's $468 million acquisition of Round Hill Music and Morgan Stanley partnered with Kobalt to spend more than $700 million to acquire music copyrights.

Catch up quick: Influence Media Partners was founded in 2018 by Lylette Pizarro.

  • In 2022, BlackRock and Warner Music Group invested $750 million in Influence Media to acquire catalogs from female and diverse artists.
  • To date, this fund has invested in over 26 catalogs including Blake Shelton, Future, Julia Michaels, The Stereotypes, Ali Tamposi and Skyler Stonestreet.
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