Nelly Sells Certain Assets From Music Catalog for $50 Million USD
Including “Ride Wit Me,” “Dilemma” with Kelly Rowland and “Hot in Herre.”
Nelly has sold a number of assets from his music catalog for a reported total of $50 million USD.
HarbourView Equity Partners confirmed the acquisition to Variety, stating the recorded music includes the artist’s biggest hits such as “Ride Wit Me,” “Dilemma” with Kelly Rowland and “Hot in Herre.” Although the specifics were not announced by the company, TMZ reported the $50 million USD price tag and that the deal included half of Nelly’s catalog.
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.”
“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,” Sherrese Clarke Soares, founder of HarbourView Equity Partners, added. “We are thrilled to add these influential pieces to our repertoire and work with the team to continue supporting the artistry within our ecosystem.”
Elsewhere in music, MF DOOM’s wife spoke at an inquest about the hospital care the rapper received prior to his death.
