Diplo Says Musicians Sell Catalogs So They Don’t Have to Wait for Money

Diplo is the current significant artist to sell their music publishing rights to business overlords, and he says there are 2 great factors for this pattern … or in his case, 110 million factors!

We got the well-known DJ at LAX and asked why he offered his music publishing rights for his record label, Mad Decent, to Iconoclast — and he says the brand name management business took the chance to captures his musical gold.

Diplo says music catalogs like his, that include popular tracks like Major Lazer’s “Lean On,” are continuously streamed, and are sluggish, however reputable and constant, moneymakers … which builds up to an excellent long-lasting financial investment for corporations and hedge funds.

But, discuss a win-win — he says it’s likewise a sweet offer for artists, as it permits them to squander now rather of waiting a couple years for their music streams to create a lots of money.

The method Diplo sees it … he’d rather take the cash now, so he can invest and invest — speaking of which, he informed us a few of the huge strategies he has for his monetary windfall.

It might be life-altering money — although Diplo was currently a quite abundant guy, he approximates his brochure went for $110 million … prior to the internal revenue service takes its cut. Death and taxes, right?

Remember, Justin Bieber just recently sold his brochure for $200 million, Dr. Dre offered a portion of his for more than $200 mil … and Bruce Springsteen started this pattern when he sold his for $500 mil back in 2021.