Money Moves: Nelly's Catalog Nets $50 Million in Record Sale

Grammy-winning rapper Nelly has secured a major deal with HarbourView Equity Partners, obtaining $50 million for 50% ownership of his catalog. The partnership marks a significant milestone in Nelly's career, involving the sale of his iconic recorded assets, including chart-topping hits like "Ride Wit Me," "Dilemma" featuring Kelly Rowland, and the mega-hit "Hot in Herre."

While exact figures were not disclosed, TMZ reported that the deal amounted to $50 million. This substantial agreement allows HarbourView Equity Partners to acquire eight albums and a collection of No. 1 singles spanning over two decades of Nelly's illustrious career.

Expressing his excitement for the partnership in a statement, Nelly emphasized the importance of preserving his musical legacy and reaching new audiences. He said, "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."

Sherrese Clarke Soares, Founder of HarbourView Equity Partners, recognized the cultural significance of Nelly's catalog, which showcases a unique fusion of hip-hop, R&B, and country music. She highlighted the impact of Nelly's works, particularly songs like "Hot in Herre" and "Shake Ya Tailfeather," which defined a distinct era in music. Soares expressed enthusiasm for incorporating these influential pieces into HarbourView's repertoire and supporting artistic endeavors within their ecosystem.

This $50 million deal further solidifies Nelly's position as one of the industry's most successful and influential artists. Throughout his career, Nelly has collaborated with renowned musicians such as Janet Jackson, Nicki Minaj and Usher. His contributions have earned him three Grammy Awards and three American Music Awards, attesting to his widespread recognition and impact.

In addition to his musical ventures, Nelly has ventured into entrepreneurship. He recently introduced "MoShine," his own moonshine brand, paying homage to his hometown of St. Louis, MO.

Currently, Nelly is working on his ninth studio album, "Heartland 2," which serves as the spiritual sequel to his 2021 album, "Heartland." The album, heavily influenced by country music and featuring collaborations with notable country stars, peaked at No. 45 on the Billboard 200 chart.

Hennessy and Nas Pour Out a Special Edition for Hip-Hop's 50th

Hennessy and Nas have partnered to commemorate the 50th anniversary of hip-hop. In this unique collaboration, the leading cognac brand will release a limited-edition Hennessy V.S bottle, designed in partnership with the hip-hop legend, paying homage to the enduring relationship between Hennessy and the genre.

The bottle's unveiling is scheduled for July 20 at a digital mapping event, aiming to showcase the global impact of hip-hop culture. Additionally, Hennessy will introduce Hennessy Album Covers, an AI-led experience that transforms selfies into personalized album covers, drawing inspiration from iconic hip-hop eras as part of their Rep Yours campaign. This campaign invites fans to express their connection to hip-hop through an immersive digital experience.

Nas expressed his enthusiasm for the collaboration with Hennessy, emphasizing the brand's significant influence on hip-hop fans across generations. In a statement announcing the partnership, the Grammy Award-winning rapper said, "It means a lot to me to celebrate this legendary moment in hip-hop history with Hennessy, a brand that has supported me for over 10 years. Hennessy is deeply embedded in our culture and continues to inspire generations of hip-hop fans. I'm extremely proud to share our new limited-edition bottle with the world."

The relationship between Hennessy and hip-hop has been intertwined for years, with the cognac brand prominently featured in countless rap songs, solidifying its position as the most referenced spirit in the industry. Renowned artists such as Nas, Tupac, and Jay-Z have made numerous lyrical references to Hennessy, highlighting its prominence within the genre.

Beyond its presence in lyrics, Hennessy has actively engaged with the hip-hop community through collaborations and partnerships. Working alongside renowned photographer Renell Medrano, Nas has narrated a film as a heartfelt tribute to hip-hop. The film showcases imagery of the Hennessy V.S Bottle and offers a personal reflection on the brand's profound impact on the culture.

To enhance the celebration, Hennessy's expert mixologists have crafted three signature cocktails inspired by flavors synonymous with hip-hop: "The Big Apple," "HenNASsy Honey" and "Incredible Hennessy."

For more information and to participate in toasting this seminal moment in hip-hop history through the Rep Yours campaign, click here.

Bob Marley's Iconic Legacy Lives on with Posthumous Album 'Africa Unite'

Album Art: Courtesy Universal Music Group

Reggae legend Bob Marley's musical legacy lives on through the forthcoming release of "Africa Unite," a posthumous album that pays homage to his iconic career and celebrates the fusion of reggae and Afrobeats.

The album, scheduled to be unveiled on August 4, presents a collection of Marley's greatest hits reimagined with the infectious rhythms of Afrobeats, featuring collaborations with contemporary African musicians.

Among the ten tracks on "Africa Unite" are notable artists such as Sarkodie, Tiwa Savage, Teni and Oxlade. Each artist contributes their distinct style and talent to the project, breathing new life into Marley's timeless compositions. The album seamlessly blends the essence of reggae and Afrobeats, delivering heartfelt renditions of beloved songs like "Waiting In Vain" alongside the vibrant energy of "Stir It Up."

Highlighting the significance of the album, Cedella Marley, daughter of Bob Marley, said in a statement, "'Africa Unite' is an album that showcases the importance of Bob Marley in modern-day Africa. The artists featured on this album have reimagined Bob Marley's classics in a way that we know he would have loved and been proud of."

Bob Marley's influence on both reggae and Afrobeats music culture is widely recognized. His pioneering contributions to reggae led to his posthumous induction into the Rock & Roll Hall of Fame in 1994. Additionally, his impact on Afrobeats, a popular genre originating from Africa, is evident in the incorporation of reggae elements such as guitar riffs and offbeat rhythms, creating a captivating fusion that resonates with audiences and continues to shape the genre's evolution.

The album's release is spearheaded by the debut single, a fresh rendition of Bob Marley's timeless anthem "Three Little Birds," performed by emerging Nigerian artists Teni and Oxlade. This rendition preserves the essence of the original while infusing it with an afro-fusion twist, showcasing the contemporary sound that permeates the entire album.

Click here to stream a preview of "Africa Unite."