For Sale: 50 Percent of Nelly’s Music Catalog for $50 Million

Nelly is planning to sell half of his music catalog for a staggering $50 million.

According to PEOPLE, the St. Louis-based artist has struck a deal with HarbourView Equity Partners for the sale of selected recorded assets. Notable tracks such as “Ride Wit Me,” “Dilemma,” and “Hot in Herre” are included in the portfolio purchased by the firm.

In a statement, Nelly stated:” 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.”

Source: BET