Rapper Nelly recently followed a rising trend of artists selling a hefty percentage of their music. Now the ‘Hot n Here’ rapper cut a $50 million deal for the sale of 50% of his music catalog.
TMZ reports:
Sources close to the rapper tell TMZ … Nelly secured a $50 million deal for 50% ownership over his entire catalog — which includes 8 albums and a ton of #1 singles that helped define pop culture in the 2000s.
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We’re told Nelly is teaming up with a company called HarbourView Equity Partners for this, which is forking over the dough to lock up some of his best-known songs … such as, “Ride Wit Me,” “Dilemma” and of course, “Hot in Herre.” Obviously they’re getting more than just that … but those tracks are, by and large, the ones Nelly’s perhaps best-known for.
In fact, a couple of these songs won him Grammys — he snagged a statuette in 2003 for “Dilemma” (Best Rap/Sung Performance) and another that same year for “Hot in Herre” (Best Male Rap Solo Performance). He has another Grammy to his name for “Shake Ya Tailfeather.”
No word yet on which parts of Nelly’s catalog — besides the above-mentioned singles — now belong to HarbourView … but considering the wide range of tunes he has under his belt … you gotta figure there’s more goodies in the vault that they’ll now have a claim to.
It’s a lot of money, obviously — so it’s great news for Nelly. Interestingly enough, things are going swimmingly for Nelly in other departments of his life … including his business ventures, like his alcohol brand, MoShine.
Plus, he’s not even done making music at this point in his career … the guy produced a full-on country album, “Heartland,” in 2021 — and we’re hearing part 2’s on the horizon as well.
