July 6th 2023.
St. Louis-bred recording artist Nelly has recently agreed to sell portions of his extensive music catalog. According to Variety, Nelly (which is the stage name of Cornell Iral Haynes Jr.) has partnered up with HarbourView Equity Partners to purchase half of the music he has recorded.
In a written statement, Nelly expressed his enthusiasm about the partnership, saying, “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.”
TMZ reported that the deal is worth $50 million, with the artist giving up 50% ownership over his whole catalog. Harbourview Equity Partners is an asset management company founded by Sherrese Clarke Soares. Soares is thrilled to add these influential pieces to their repertoire, saying, “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.”
Nelly has created many chart-topping hits and has won three Grammy Awards and three American Music Awards. He is still performing and has recently released his eighth album, Heartland. This new album has a distinct country-inspired vibe, unlike his previous ones.
The business world has been extremely kind to Nelly. But he's also winning in the romance department. Ten years after breaking up with fellow recording artist Ashanti, the two have reportedly gotten back together to give love another chance. It's clear that Nelly is passionate about his music and his relationships, and it's nice to see that both have become a success.
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