According to The Hollywood Reporter, Slipknot have officially struck a major deal to sell a stake in their music catalog. The agreement, valued at roughly $120 million, was made between the band and HarbourView Equity Partners, covering Slipknot’s publishing and recording-master royalties. The deal reportedly applies only to the group’s existing archival catalog and does not include future releases.
It’s currently unclear whether every member took part in the sale. While Slipknot retains ownership of their publishing, the master recordings remain under Warner Music Group, which took control in 2007 after acquiring the band’s longtime label, Roadrunner Records.
Slipknot co-founder and percussionist M. Shawn “Clown” Crahan commented:
“After 25 years of taking on the music business, we find ourselves with a partner that is willing to sign onto continuing what Slipknot. Only they want to go even bigger. Get ready. Hail The Knot.”
Sherrese Clarke, founder and CEO of HarbourView Equity Partners, added:
“Slipknot’s music has redefined heavy metal and created a global cultural phenomenon. Their catalog is a testament to their influence, passion, and enduring artistry within the genre. We pride ourselves on having our finger on the pulse of culture and with thorough analysis of audience engagement, we clearly see the cultural impact of Slipknot from the 1990s to present. The enduring and relevant proof points with Slipknot remain core to our investing thesis, and HarbourView is honored to help preserve and amplify the group’s work for decades and generations to come.”
Feature Image Photo Credit: Jonathan Weiner
