HarbourView Equity Partners this week announced its second deal with an American hip-hop star.
The company has agreed to buy what it calls “a selection of recorded music and publishing assets” from Grammy- and Golden Globe-nominated artist Wiz Khalifa.
The deal comes just hours after HarbourView announced it had acquired “certain recorded music assets” from Grammy-winning rapper Nelly.
Financial terms of the deal with Nelly were not disclosed, but TMZ reported that Nelly got $50 million for 50% ownership of her entire catalog.
Terms of the Wiz Khalifa deal were also not disclosed.
Wiz Khalifa deal assets include his hits See You Again, Black & Yellow and The Thrill, and spans his career across dozens of albums, mixtapes and collaborations with what HarbourView calls “some of the biggest names in entertainment.”
Wiz’s entertainment career spans a variety of businesses and media genres, including ownership of an independent record, management company and lifestyle brand – Taylor Gang.
HarbourView was founded by former Tempo Music CEO Sherrese Clarke Soares with backing from Apollo Global Management.
The company claims it has a catalog of over 20,000 songs, encompassing both master recordings and publishing revenue streams.
“Wiz Khalifa has already had a profound impact on culture as a musician, executive, media visionary and creative force.
Sherrese Clarke Soares, HarbourView
Sherrese Clarke Soares, Founder and CEO of HarbourView, said, “Wiz Khalifa has already had a profound impact on culture as a musician, executive, media visionary and creative force.
“We celebrate his talent and creativity and are thrilled to welcome him and Taylor Gang to the HarbourView family today.”
“Sherrese and HarbourView truly understand the value of music and art.”
Wiz Khalifa said, “Sherrese and HarbourView truly understand the value of music and art.
“We are thrilled to partner with them as they continue to build a vibrant media company that aligns with the values and goals we all have here at Taylor Gang.”
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