The latest musician to give up content in exchange for cash, Grammy-winning rapper-and-singer Nelly has reportedly sold 50% of his solo music catalogue for $50,000,000.00
Born Cornell Iral Haynes Jr, the now 48-year-old superstar musician has completed the deal with HarbourView Equity Partners, founded by Sherrese Clarke Soares, and will include hits such as ‘Ride Wit Me’, ‘Dilemma’ (featuring Kelly Rowland,) which sold more than 7.6 million records worldwide and, of course, ‘Hot in Herre’.
In a statement about the transaction, 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.”
Harbourview’s 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’n’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’s debut 2000 single, ‘Country Grammar (Hot…)’, from the album of the same name, peaked at #7 in both the US and the UK, Top 20 in Australia, Canada, and Germany, and the throughout his 23-year career, Nelly has collaborated with the likes of Janet Jackson, Nicki Minaj, Pharrell Williams, and Usher.Netherlands.
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Author: Al Denté
Photo: reeb0k2008