Nelly has sold assets from his music catalog the specifics of the deal weren’t disclosed, but TMZ reports it could be worth $50 million.
“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” Nelly said in a statement.
“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.”