Billboard reports that Slipknot is reportedly close to finalizing a $120 million deal with HarbourView Equity Partners for the sale of their music catalog. The agreement would include publishing and recording master royalties for the band’s archival works, but excludes future releases.
Over the past three years, Slipknot’s music has generated an estimated $15.5 million annually from streaming and other sources, with publishing adding about $5.2 million per year. While not all members’ participation has been confirmed, the band will retain ownership of its publishing, while Warner Music Group, through its 2007 acquisition of Roadrunner Records, controls the master recordings.
Feature Image Photo Credit: Dean Karr
