Wiz Khalifa sells part of his music catalogue
Rapper Wiz Khalifa has sold a portion of his music catalog to HarbourView Equity Partners for an undisclosed sum. The deal includes his hits “Black and Yellow” and “See You Again,” as well as other songs from his early career.
Khalifa said in a statement that he was “excited” about the deal, which he said would allow him to “focus on creating new music and experiences for my fans.” He also said that he was “confident” that HarbourView would “take great care of my music.”
HarbourView is a private equity firm that invests in music catalogs. The firm has previously acquired the catalogs of Nelly and Logic.
The sale of Khalifa’s catalog is the latest in a wave of deals in which artists have sold their music catalogs to investors. These deals have been driven by the growing value of music catalogs, as streaming services have made it easier for people to listen to music.
The sale of Khalifa’s catalog is a sign that the value of music catalogs is likely to continue to grow in the years to come. It also shows that investors are still willing to pay big money for the rights to music, even as the music industry faces challenges from streaming services.
Here are some additional details about the deal:
- The deal was announced on July 6, 2023.
- The terms of the deal were not disclosed.
- Khalifa’s catalog includes over 100 songs.
- HarbourView is a private equity firm that invests in music catalogs.