According to The Hollywood Reporter, Slipknot have closed a deal to sell a majority stake in their catalog to HarbourView Equity Partners. Previous reports suggested the agreement could be worth up to $120 million. The deal will cover the rights to publishing and recording masters royalties. It is not expected to extend to new releases.
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 started. Only they want to go even bigger. Get ready. Hail The Knot.”
Sherrese Clarke, founder and CEO of HarbourView, 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 1990’s 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.”
Metal Anarchy 
You must be logged in to post a comment.