Mad First rate’s catalog consists of hits like Baauer’s “Harlem Shake” and Main Lazer’s “Lean On.”
Sing it with us, to the tune of Queen’s “One other One Bites The Mud”: one other one sells their hits.
Diplo is the newest international celebrity to promote his music publishing catalog. The char-topping DJ, producer and songwriter reportedly struck a cope with Los Angeles-based Iconoclast, who’ve acquired the publishing rights to Mad First rate’s catalog.
Mad First rate, Diplo’s document label, is residence to a variety of the final decade’s greatest dance hits, together with Baauer’s “Harlem Shake” and Main Lazer’s “Lean On,” amongst many others.
In response to Music Enterprise Worldwide, Iconoclast made a number of acquisitions of music rights catalogs over the previous 12 months, totaling a cool $300 million. It is unclear how a lot the corporate paid for Mad First rate’s expansive catalog, however they’re mentioned to have plans to make a giant push into expertise, together with the blockchain, to empower the following technology of artists.
Diplo.
Eli Russell Linnetz
“Our acquisition of the Mad First rate Publishing catalog illustrates our dedication to preserving and rising culturally vital artwork of any period together with with artists which are shaping modern music,” Olivier Chastan, Iconoclast’s founder and CEO, instructed MBW.
Chastan initially grew to become conscious of Mad First rate when Diplo and Kevin Kusatsu, the label’s co-founder, have been engaged on Main Lazer’s first album, Weapons Do not Kill Folks…Lazers Do.
In the previous few years, promoting your music catalog has grow to be commonplace. Final 12 months, Swedish Home Mafia offered their sound recording and publishing catalog to Pophouse. In 2020, the world’s highest paid DJ, Calvin Harris, offered his publishing catalog to Vine Different Investments for $90 million. Harris’ catalog consists of hits like “Summer season,” “Really feel So Shut” and “This Is What You Got here For,” a collaboration with Rihanna.