Nelly performs at Fox Theatre on December 19, 2021 in Detroit, Michigan. (Photo by Scott Legato/Getty Images)

Nelly Sells Half His Catalog for $50 Million

Nelly Sells Half His Catalog for $50 Million

Published Thu, July 6, 2023 at 12:20 PM EDT

Nelly has joined a line of music artists who've sold their publishing for huge checks.

TMZ reports Nelly "secured a $50 million deal for 50% ownership over his entire catalog." That includes eight albums and a string of #1 singles that helped him dominate the charts in the early 2000s, including "Ride Wit Me," "Dilemma" and "Hot in Herre." Beyond the aforementioned singles, it's still unclear which parts of Nelly's catalog now belong to HarbourView Equity Partners.

Other artists and producers who've recently sold off portions of their catalog for big money include Mannie Fresh, Justin Timberlake, Future, Chuck D, Logic, and Metro Boomin, among others. Other stars, including Diddy, are in "no rush" to sell their catalogs.

“For us, we’re in no rush to get rid of a portfolio that could be a part of music’s evolution. Who knows how you think about those assets in the future?” Combs Enterprises President Tarik Brooks told Trapital about Diddy’s choice to hold onto his music. “We have the benefit of being able to go slow and kinda take our time and basically run experiments at our own pace to figure out what we want to do. And so from that perspective, people have continually come through with offers, opportunities, and things. And we’ve purposely taken our time as we’ve thought about what Puff’s experience of music is gonna be over the next years as he climbs what he talks about as his second mountain.”

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