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Fler sells music catalog for millions – a new beginning in Cyprus!
Fler sells his music catalog before moving to Cyprus and gives insights into his finances. A significant step in the music business.
Fler sells music catalog for millions – a new beginning in Cyprus!
During the interview in Cyprus, the rapper Fler gave exciting insights into his financial situation and the sale of his music catalog. Loud hiphop.de Fler sold his entire catalog before moving to Cyprus. The sale price is in the “millions” after taxes, but an exact figure has not been disclosed. The catalog includes music distributed through Universal, including albums and singles since the early 2000s, but does not include music from the Aggro era or the publishing rights of more recent releases.
Fler explained in the interview that buyers of music catalogs usually take a long-term perspective of 10 to 15 years, and that sales over the last few years also play a role. He is convinced that waiting any longer for the sale would not have made sense. The rapper also explained that the process of getting his catalog back from Universal took a lot of time after years of disputes between him and the label.
Withdrawal from the music business
In a post on Instagram, Fler announced that he intends to withdraw from the active music business for the time being and take some time off raptastisch.net reported. Details about the buyer of the catalog and the exact amount of the sale were not communicated, but it is generally assumed that the amount was in the millions.
The sale of its music catalog joins a growing trend in which international artists are selling their music rights. Fler has consistently released new music over the years and has been able to build a loyal fan base. However, the consequences of the sale are uncertain: It remains unclear whether and when Fler will release new music. However, the move could give him new creative and business freedom.
Fler has also acted as an entrepreneur in the past, which creates the possibility that this sale represents not only an end but also a new beginning for him. The music world will be eagerly watching what the artist's next steps will be after this significant step.