Nelly has become the latest artist to sell his music catalog.
HarbourView Equity Partners, the asset-management company founded by Sherrese Clarke Soares, has announced that it has acquired a portion of the hit making rapper’s catalog. The company has not publicly announced the amount but TMZ reports that the deal is for $50 million and covers about half of Nelly’s recorded-music assets.
If you’re wondering, yes, the deal includes some of his iconic songs like ‘Ride Wit Me’, ‘Dilemma’ featuring Kelly Rowland, and ‘Hot in Herre’.
Nelly said, “As artists, we put our heart and soul into each track and there comes a time when you consider preservation of that artistry. 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.”
Soares added, “This catalog has made an incredible impact on generations of fans. Works such as, ‘Hot in Herre’ and ‘Shake Ya Tailfeather’ defined an era of music of a unique blend of hip-hop, R&B, and country music that is undeniable. We are thrilled to add these influential pieces to our repertoire and work with the team to continue supporting the artistry within our ecosystem.”
Nelly has also revealed that he’s back in the studio working on Hearland 2, the follow up to the first Country album from 2021. Heartland 2 aims feature all-female collaborations. There is no planned release date for the project yet.