Coolio Selling Off Music Royalty Rights to Become a Chef

Soooo, is there where washed up rappers go after having no other chances in the industry? ‘Gangster’s Paradise’ must smell like turkey. Coolio has apparently decided that his music doesn’t mean as much as being a culinary artist now, because he want’s to sell off all his royalty rights for cooking equipment.

Following an appearance on Food Network’s “Celebrity Chefs,” the rapper became a New York Times bestselling-author with 2009’s “Cookin’ with Coolio.” The entrepreneur plans to invest the funds from the song catalog sale to expand his cookbook series and his online cooking show of the same name.

The catalog consists of 123 songs from eight different albums, including other hits such as “1, 2, 3, 4 (Sumpin’ New),” “Too Hot,” “C U When U Get There,” and “Fantastic Voyage” (which reached No. 3 on the Billboard Hot 100 in 1994).

“The Coolio song catalog auction is an exciting and rare opportunity for anyone looking for an alternative investment in music publishing and songwriter royalties,” said Sean Peace, CEO of The Royalty Exchange. “We are thrilled to be able to offer royalties attached to such an iconic artist, and to assist interested parties in the research, registration and bidding process.”

thewrap.com

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