Nelly Bags $50M for Portion of His Music Catalog

Nelly
Nelly
Image Source: HIPHOPNMORE

Nelly has joined the Hip Hop All-Stars who have earned millions by selling a portion of their catalog. His catalog is filled with hit after hit, making it a valuable asset in the music industry.

The St. Louis hitmaker, Nelly, bagged an impressive $50 million deal by selling half of his discography. This includes eight albums that feature a series of chart-topping hits, many of which have played a significant role in shaping the landscape of 21st-century Hip Hop and R&B.

Nelly is partnering with HarbourView Equity Partners, transferring the rights to some of his biggest tracks such as “Hot In Herre” and “Dilemma,” among several others.

Both “Hot In Herre” and “Dilemma,” songs won Grammy Awards. Additionally, “Shake Ya Tailfeather” also won Nelly the prestigious accolade. However, it is still unclear whether “Shake Ya Tailfeather” was included in the deal or not.

Music Catalog
Image Source: Miami EDU

Nelly, like many other artists, is the latest to join a long line of artists who have parted ways with some, if not all, of their catalog. Similarly, Future also made a similar move by selling a substantial chunk of his catalog, including 612 songs from the Southern rapper’s repertoire, spanning from 2004 to 2020.

Most recently, Logic, the Maryland rapper, sold a portion of his catalog to Influence Media Partners, a US-based music and rights company, for an undisclosed eight-figure sum. The deal involves 185 of Logic’s songs.

While in March, Metro Boomin made $70million after selling a portion of his existing publishing catalog to Shamrock Capital.