As reported by Music Business Worldwide, in a recent press release, it was announced that a significant acquisition has taken place in the music industry. Iconoclast has obtained the publishing rights to the catalog of the renowned Hip-Hop artist Eve, who has achieved double platinum status and won a Grammy Award. According to sources, this transaction is estimated to be an eight-figure deal, ranging between $25 million and $50 million.
Eve, described as a "trailblazer" in the music industry by Iconoclast, rose to fame in the late 1990s with her debut album, Let There Be Eve…Ruff Ryders’ First Lady, which propelled her to become the third female rapper in history to reach No. 1 on the Billboard 200.
Known for hit singles such as “Gangsta Lovin”, “Love Is Blind”, and “Who’s That Girl”, Eve has left an indelible mark on the Hip-Hop genre with her lyrical prowess, dynamic flow, and unique fusion of rap and R&B influences.
The Grammy Award-winning artist has collaborated with notable musicians including The Roots, Missy Elliott, and Alicia Keys. Notably, Eve and Gwen Stefani received the Grammy Award for Best Rap/Sung Collaboration for their song “Let Me Blow Ya Mind" in 2002, a track which was recently sampled by Central Cee in his hit song “Doja" in July 2022.
Olivier Chastan, the founder of Iconoclast, expressed his admiration for Eve's contributions to Hip-Hop and popular culture, emphasizing her influence as a pioneer for women in the genre. He stated, "We are honored to help preserve and elevate her incredible legacy, ensuring that her influence continues to inspire future generations of artists and fans alike."
The acquisition was facilitated by a team of legal representatives including Henry Root of Smith Entertainment Law representing Iconoclast, Michael Poster of Michaelman & Robinson, LLP serving as an advisor, and Wayne Russell and Pippa Wealthall of Massive Management representing Eve in the transaction, as well as Talya Shalsom and Tim Smith of Statham Gill Davies Law, with Benjamin Vermeil of Jab Music facilitating the deal.
This acquisition is part of a series of strategic moves made by Iconoclast in the music industry. The company has previously acquired the producer royalties of Giorgio Moroder, the music publishing catalog of Beyonce and M.I.A. collaborator, Switch, and the catalog of Mad Decent Publishing, co-founded by DJ and producer Diplo and Kevin Kusatsu, among others. Additionally, Iconoclast recently closed a deal with veteran music executive and producer Irv Gotti, acquiring a stake in his master recordings for $300 million.
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