Enrique Iglesias has sold his entire catalog of songs to the company Influence Media Partners, as announced Bloomberg. The price of the operation is unknown, but according to the sources cited by the media it exceeds 100 million dollars.
Influence Media has communicated that, in addition to “collaborating in the management of the rights to his discography throughout his professional career”, the agreement also includes the image rights by Enrique Iglesias “to expand future licensing opportunities.”
Enrique Iglesias launched his last album two years ago, Final Volume 1and remains an artist with great commercial pull on the platforms, with more than 26 million monthly listeners on Spotify. During his career, which began in 1995, more than 180 million copies of his albums have been sold, according to data from Influence Media, and the Madrid native remains as one of the most successful Latin artists in history of pop. Additionally, she has won one Grammy Award and five Latin Grammy Awards.
This is the first agreement of this type reached Influence Media, a company founded in 2019 and backed by the Warner Music Group record label and the investment company BlackRock Alternative Investors. Influence Media announced last year that it has a €700 million fund to invest in what it calls “high-value songs from diverse artists.”
Among others, this song publisher has reached agreements with artists such as Future, Blake Shelton, The Stereotypes, Jessie Reyez, Julia Michaels, Tyler Johnson, Logic and the Puerto Rican composer and producer TainyBad Bunny’s right hand man.