Nelly has made a lucrative move by selling 50% ownership of his extensive music catalog, resulting in a staggering $50 million deal. By selling a stake in his catalog, the St. Louis rapper has capitalized on the enduring popularity and cultural impact of his music.
Nelly has partnered with HarbourView Equity Partners, a company that made a substantial investment to acquire the rights and now holds the rights to a portion of the “Hot In Herre” rapper’s iconic discography, which includes chart-topping albums and hit singles that defined the 2000s pop culture landscape.
Nelly’s music catalog comprises eight albums and a range of successful singles that have resonated with audiences worldwide. Songs like “Hot in Herre” became anthems of the 2000s and catapulted Nelly to mainstream success.
While the specifics of which songs or albums are now owned by HarbourView have not been revealed, some of Nelly’s most well-known and beloved tracks are likely part of the deal.
These songs played a significant role in shaping pop culture and contributed to Nelly’s rise as one of the most successful rappers of his time.
In other news, Nelly is also expanding his business ventures by venturing into horse racing ownership within the National Thoroughbred League.
Dr. Dre Sells His Music Catalog For Up To $250M
This move by Nelly follows a trend in the music industry, with artists capitalizing on the value of their catalogs by selling ownership stakes. Dr. Dre recently sold his music catalog to Universal Music and Shamrock Holdings for a reported sum of up to $250 million, showcasing the increasing demand and financial potential of established artists’ catalogs.