Nelly Sells 50 Percent of His Music Catalog for $50 Million
etonline.comNelly. A source tells ET that the 48-year-old rapper just secured a $50 million deal for 50 percent of his music catalog. The rapper has partnered with HarbourView Equity Partners in a deal that includes the purchase of «select recorded assets» from the GRAMMY winner's multi-platinum-selling discography, such as his most iconic tracks, «Ride Wit Me,» «Dilemma» featuring Kelly Rowland and the smash hit «Hot in Herre.»The good news doesn't stop there for the rapper.
Fans will be happy to learn that the hip-hop superstar and entrepreneur is heading into the studio to record his new album entitled.
The album's predecessor, was Nelly's first full country-inspired album that produced a triple-platinum single, «Lil Bit,» as well as collaborations with Breland, among others.
aims to be the country-inspired edition with all-female collaborations.Additionally, Nelly recently revealed his latest creative endeavor, MoShine, inspired by his love of hip-hop and country music.
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