Diplo is the newest main artist to promote their music publishing rights to company overlords, and he says there are 2 superb causes for this pattern … or in his case, 110 million causes!

We received the well-known DJ at LAX and requested why he offered his music publishing rights for his report label, Mad First rate, to Iconoclast — and he says the model administration firm seized the chance to nab his musical gold.

Diplo says music catalogs like his, which embody common tracks like Main Lazer’s “Lean On,” are consistently streamed, and are gradual, however dependable and regular, moneymakers … which provides as much as an incredible long-term funding for firms and hedge funds.

However, speak about a win-win — he says it is also a candy deal for artists, because it permits them to money out now as an alternative of ready a pair many years for his or her music streams to generate a ton of cash.

The best way Diplo sees it … he’d reasonably take the cash now, so he can spend and make investments — talking of which, he informed us among the huge plans he has for his monetary windfall.

It might be life-changing cash — though Diplo was already a reasonably wealthy dude, he estimates his catalog went for $110 million … earlier than the IRS takes its lower. Demise and taxes, proper?

Bear in mind, Justin Bieber just lately offered his catalog for $200 million, Dr. Dre offered a portion of his for greater than $200 mil … and Bruce Springsteen kicked off this pattern when he offered his for $500 mil again in 2021.