Nelly Bags $50 million after selling half of his catalog.
Nelly is all set to earn a huge bag as St. Louis born agreed to a deal to sell a portion of his catalog.
According to TMZ, Nelly is partnering with HarbourView Equity Partners, the asset-management company founded by Sherrese Clarke Soares, to sell half of his hit-filled catalog for $50 million.
The deal includes some of Nelly’s most iconic tracks like “Ride Wit Me,” “Dilemma” featuring Kelly Rowland, and “Hot in Herre,” both of which topped the Billboard Hot 100 for multiple weeks.
Nelly said in a statement to Variety: “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.”
In his long career, Nelly released eight studio albums, with most recent “Heartland” in 2021 through Columbia Records. The project peaked at number 45 on the US Billboard 200 and at number 37 in Canada.
