Enrique Iglesias reportedly sold his music catalogue to Influence Media Partners for a whopping nine-figure sum.
The ‘Hero’ hitmaker has agreed a deal with the music rights firm that covers his name, image, and likeness in a bid to boost licensing opportunities.
Bloomberg was the first to report the alleged amount Enrique will earn from the partnership.
He said in a statement: “My songs hold immense significance for both my fans and me. I’m excited to be working with the Influence Media team. I feel confident we will build an enduring partnership for my music and future projects.”
Influence Media Founder and Co-Managing Partner Lylette Pizarro commented: “Enrique is a global icon and having him as a part of our Influence Media family is a game-changing moment for us.
“For a quarter of a century, he has captivated fans globally with chart-topping and record-breaking hits. From ‘Experiencia Religiosa’ to ‘Hero’ and ‘Bailando’ to ‘I Like It’ and ‘Be With You,’ there are few artists who come close to accomplishing what Enrique has achieved commercially. He has played a pivotal role in introducing bilingual music to the masses. We couldn’t be more excited to partner with one of the most recognisable figures in modern music.”
The 48-year-old Latin star – who is currently on his ‘Trilogy’ North America jaunt – is the latest to land a deal with Influence following in the footsteps of the likes of Blake Shelton, Future and Julia Michaels.