Wiz Khalifa has joined the list of Hip Hop All-Stars who are securing their bag by selling a portion of their catalog. However, the specific details and terms of the Taylor Gang leader’s transaction are yet to be disclosed.
On Thursday (July 6), global investment firm HarbourView Equity Partners finalized a deal with Wiz Khalifa. The agreement involves a portion of his discography and publishing assets, including multiple albums, mixtapes, and singles from his successful career.
In a press release, Wiz Khalifa expressed his thoughts on the partnership, stating, “[Founder and CEO] Sherrese [Clarke Soares] and HarbourView truly understand the value of music and artistry. We are excited to partner with them as they continue to build a dynamic media company that is in line with the values and goals we all have here at Taylor Gang.”
Another artist who sold half of his catalog to HarbourView recently is Nelly. The St. Louis hitmaker bagged an impressive $50 million deal. 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.
As part of agreement, Nelly transferred 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.
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.