After weeks of self-publicizing her departure from Island Records and announcing last week that she’s signed a new “deal/partnership” worth $2.7 million, Iggy Azalea has revealed the company with whom she’s signed: indie hip-hop powerhouse Empire.
According to the announcement, the multi-year agreement will see the San Francisco-based company “utilize its innovative label services to oversee the release and promotion of Azalea’s highly anticipated new music and forthcoming sophomore album,” which the rapper said is coming early next year.
“I’m so excited to begin a new entrepreneurial chapter in my career with EMPIRE as my partner,” Iggy Azalea said in the announcement. “The ability to have control of my own artistic future is a long awaited and monumental change in my life. I genuinely feel I am in the best position to achieve my creative ambitions.”
Ghazi Shami, founder and CEO of Empire, said, “We’re excited to welcome Iggy to the Empire family. Over the years, I’ve admired Iggy’s artistry, honest and direct relationship with her fans and tenacity as a businesswoman. I’m honored that we will have the opportunity to build upon her already exceptional career.”
Via twitter last week, Azalea wrote, “Proud to say I literally just signed my new deal/partnership! 2.7mil, can sign others, own my masters + 100% independent – I’m feeling like such a bossy grown ass bitch today! Time to get back to ME. I’m so grateful & excited…”
In announcing her split with Island, the rapper said she hoped to release music early next year. “Well still no music this year tho…,” she wrote. “I am nowhere near ready direction wise etc with the stuff I’ve been working on and I don’t wanna jump the gun and have some messy era aesthetically. I’m aiming to be ready to share new music early next year!”