The acquisition includes a royalty income stream of select recorded music assets, including the Billboard Hot 100 No. 1 hits “Hot in Herre” and “Dilemma.”
, which first reported on the deal, said that HarbourView was buying 50% of the royalty income stream and that the investment firm paid $50 million for that share. A HarbourView spokesman declined to comment on the specifics mentioned in theSherrese Clarke Soares
said in a statement. “Works such as ‘Hot in Herre’ and ‘Shake Ya Tailfeather’ defined an era of music of a unique blend of hip-hop, R&B and country music that is undeniable. We are thrilled to add these influential pieces to our repertoire and work with the team to continue supporting the artistry within our ecosystem.”
In its two years in existence, HarbourView has aggressively built its portfolio, which now consists of a diversified catalog of approximately 20,000 songs across both master recordings and publishing income streams. A HarbourView-led consortium is among the bidders
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