Wiz Khalifa is the latest rapper to sell a portion of his music catalog.
On Thursday, Global investment firm HarbourView Equity Partners finalized an agreement with the Pittsburgh rapper. The deal encompasses a portion of his discography and publishing assets, including various albums, mixtapes, and singles that showcase his prolific career.
“[Founder and CEO] Sherrese [Clarke Soares] and HarbourView truly understand the value of music and artistry,” Khalifa said in a press release. “We are excited to partner with them as they continue to build a dynamic media company that is in line with the values and goals we all have here at Taylor Gang.”
Outside of Khalifa, Nelly has also joined the list of musicians who recently sold a significant portion of their catalog to HarbourView. Just this week, he secured an impressive deal worth $50 million by selling half of his discography. This substantial catalog includes eight albums that feature a series of influential hits, many of which played a pivotal role in shaping Hip Hop and R&B.
In the previous year, Future also made a significant sale of a substantial portion of his publishing catalog. The songs from 2004 to 2020 were acquired by Influence Media Partners, a music and rights company based in the United States, resulting in a remarkable eight-figure payout for the rapper.
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