Nelly.Photo:Paul Archuleta/Getty
Paul Archuleta/Getty
No “Dilemma” forNellyhere — he’s made a decision.
The rapper and singer recently struck a deal to sell a 50% stake in his catalog for $50 million, PEOPLE confirms.
Nelly, 48, has partnered with HarbourView Equity Partners, which has agreed to the “purchase of select recorded assets,” a source close to the artist tells PEOPLE. The deal includes some of his best-known tracks, including “Ride Wit Me,” “Dilemma” and “Hot in Herre.”
He joins a growing list of stars — includingJustin Timberlake,Sting,Bruce Springsteen,Justin BieberandBob Dylan— to part ways with at least a portion of their music catalog.
The source tells PEOPLE that unlikeHeartland, which included chart-topping hit “Lil Bit” withFlorida Georgia Line, the follow-up will feature only female collaborators.
Nelly performs in May 2022.Gabe Ginsberg/Getty
Gabe Ginsberg/Getty
A few years back, Nelly appeared onPEOPLE Now, where he went through his old discography. The show featured the artist looking back fondly on his old songs and sharing his recollections.
At the time, Nelly told PEOPLE that his hit “Ride Wit Me” was “surprising” because “it’s one of those songs that I just wrote so fast.” About “Hot in Herre,” Nelly offered a simple word: “Spectacle.” Concerning “Dilemma,” he referred to himself in the third-person, calling the song “iconic for Nelly."
All three songs are included in the agreement with HarbourView Equity Partners.
source: people.com
