Both composers have received multiple Oscar nominations for best original score – and both are vying for nominations again this year.
The deal includes Azalea's master and publishing share of her biggest hits "Fancy," "Problem," and "Black Widow."
Veltz is nominated for songwriter of the year (non-classical) alongside Amy Allen, Nija Charles, Tobias Jesso Jr. and The-Dream.
This week in publishing news: Downtown Music Services signs Masego, Concord signs Jennifer Wayne, and more.
The purchase includes George Merrill and Shannon Rubicam's interests in the majority of their publishing catalog, which encompasses Houston hits "How Will I Know" and "I Wanna Dance With Somebody."
The agreement covers songs including "Burning Love" and "Callin' Baton Rouge."
Angelo Rufino, who holds a seat on the company's newly formed board, sees the music intellectual-property asset class eventually becoming a $100 billion market.
The sale includes Nilsson's publishing catalog as well as artist and writer revenue streams of hits like "Without You," "Coconut" and "Everybody's Talkin'".
The "Without Me" and "Closer" singer-songwriter was previously signed to UMPG.
Reporting its third-quarter earnings, the company raised its full-year fiscal 2023 growth forecast.
