Nelly Sells Half Of His Music Catalog For $50 Million
Nelly has reportedly sells half of his music catalog to HarbourView Equity Partners for $50 Million. The deal includes the acquisition of such hits as “Hot in Herre,” “Ride Wit Me,” and “Dilemma.”
The two sides agreed to a partnership in which the company bought “select” recorded-music assets from Nelly. TMZ says the rapper received $50M as part of the deal, which reportedly entails half of his work, including hits as “Hot in Herre” and the kelly Rowland-assisted “Dilemma.”
“As artists, we put our heart and soul into each track and there comes a time when you consider preservation of that artistry,” Nelly said in a statement. “My music is my legacy which I want to last beyond me, continuing to make my existing fans happy while reaching new generations and new audiences. I am excited to partner with HarbourView to create opportunities for discovery of my music decades from now.”