Iggy Azalea Reveals She's Moving to Atlanta and Has Signed a New Record Deal (Exclusive)

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Iggy Azalea has some big things in the works!

ET’s Katie Krause caught up with the Australian rapper at the Fashion Nova x Cardi B party in Hollywood on Wednesday night, where she spilled the beans, revealing that she has signed a new record deal after leaving Island Records recently.

“Yeah, I left my label, I announced it two weeks ago and then I signed a new deal,” she shared on the red carpet. “So, I'm gonna announce that probably next week. Yeah, I'm really excited!”

But that wasn’t the end of the big revelations! She went on to explain that she’s decided to leave Los Angeles for the time being.

“Yeah, I'm so bad at keeping secrets, so I can't wait to announce everything and kind of, like, let everybody know,” she said. “I'm actually moving to Atlanta in two weeks. Yeah, so I'm gonna go and start recording there and finish my album…and it's really good.”

When asked what prompted the decision to move, Azalea hinted that she's returning to her roots on some level.

"I used to live there a really long time ago," she explained. "Maybe 10 years ago now, so it's just good to go back and see old people and get new energy, new things."

Azalea also admitted that although she hasn't seen her pal, Demi Lovato, since her apparent overdose, she feels the fellow singer is on the right path now.

"I haven't heard from her but I've been watching as all friends do," she said. "All friends stalk their friends on social media, so she looks great, it's very good to see her back."

She also explained why she decided to show up and support Cardi's big rollout.

"Honestly I just thought it would be a lot of fun," she admitted. "A lot of times, events aren't and they're kind of all-business, so you don't really see any of your friends and all mine were coming here, so I thought it'd probably be, like, a real party that was cool, so I'm here."

It turned out our chat was just the beginning of an eventful night for Azalea. Later, fellow rapper Bhad Bhabie (aka Danielle Bregoli) tossed a drink at Azalea for no discernible reason

Both The Shade Room and TMZ got footage of the shocking incident, which soaked one side of the rapper’s blonde wig. Bhad Bhabie quickly hid behind her friends afterward.

Azalea responded to the 15-year-old “Cash Me Outside” girl’s attack with a video of her own, in which she laments her damp wig and laughs off Bhabie's behavior.

"So the Dr. Phil girl is really upset about me apparently and thought I’d fight a child?! LOL,” she captioned the clip. “Anyway! The fashion nova party is LIT!"

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