Diplo’s Mad Decent Publishing Sells Catalog to Iconoclast
The catalog includes songwriters' stakes in songs like Major Lazer's "Lean On" and Mark Ronson's "Nothing Breaks Like A Heart."
Diplo’s Mad Decent Publishing has sold its catalog to Olivier Chastan‘s music rights and brand management company Iconoclast, the company announced Tuesday (Feb. 14). Financial details were not disclosed.
Diplo launched Mad Decent with his manager and business partner Kevin Kusatsu as a record label in 2006 before branching into publishing. The deal with Iconoclast includes songs by Mad Decent Publishing songwriters Henry Agincourt Allen (professionally known as King Henry), Philip Meckseper (Jr Blender), Karen Orsted (MØ), Valentino Kahn, Clement & Maxime Picard and Dillon Francis. Songs in the catalog include Major Lazer hits like “Lean On (featuring MØ and DJ Snake),” “Cold Water (featuring Justin Bieber and MØ)” and “Know No Better (featuring Travis Scott, Camila Cabello and Quavo)” as well as Mark Ronson’s “Nothing Breaks Like A Heart (featuring Miley Cyrus).”
Previously the head of Irving Azoff‘s Iconic Artists Group, Chastan founded Iconoclast in 2021 and has been quietly acquiring assets large and small, powered by the heft of institutional backing. In February 2022, the company bought The Band musician Robbie Robertson‘s music publishing, recorded interests and name, image & likeness rights in a deal that Variety valued at worth roughly $25 million. And last July, Billboard reported that Iconoclast bought Irv Gotti‘s 50% ownership stake in Murder Inc.’s past music recordings.
In a statement, Chastan described the body of work at Mad Decent Publishing as “one of the most exciting and original catalogs where Brazilian Baile Funk and Angolan Kuduro mix with EDM and pop.
“I first became aware of Mad Decent when Kevin Kusatsu and Diplo were working on the first Major Lazer album,” Chastan continued. “The sound was completely different, the songwriting utterly original and fresh-sounding, and the production uniquely creative. Our acquisition of the Mad Decent Publishing catalog illustrates our commitment to preserving and growing culturally significant art of any era including with artists that are shaping contemporary music.”
Representing Iconoclast in the deal were Scott McDowell and Peter Paterno of King, Holmes, Paterno & Soriano. Mad Decent Publishing was represented by Jordan Bromley, Eric Custer and Alex Spring of Manatt, Phelps, & Phillips.