Metal legends Slipknot have sold a majority stake in their music catalog. The deal was made with investment firm HarbourView Equity Partners. The agreement was confirmed exclusively to The Hollywood Reporter on Tuesday.

The partnership covers both publishing and recorded music royalties. Financial terms were not officially disclosed by either party. This move places one of metal’s most influential legacies under new financial stewardship.

Details of the Landmark Catalog Agreement

Industry reports suggest the deal is valued at approximately $120 million. This figure was initially reported by Billboard in August. HarbourView now holds a significant interest in the band’s nearly 30-year creative output.

Slipknot’s catalog includes 11 gold and platinum certified records. Their self-titled debut album achieved triple-platinum status. Every one of their six subsequent studio albums debuted in the Billboard top three.

The band has amassed 15 million monthly listeners on Spotify. They have also earned 11 Grammy nominations throughout their career. They won the award for Best Metal Performance in 2006 for “Before I Forget.”

Strategic Move for Band and Investor Alike

For Slipknot, this deal secures the band’s financial legacy. It also provides capital while the iconic group retains a portion of their rights. For HarbourView, it aligns with their strategy of investing in culturally significant music with enduring appeal.

Founder and CEO Sherrese Clarke stated the band redefined heavy metal. She emphasized HarbourView’s focus on analyzing audience engagement and cultural impact. The firm aims to preserve and amplify Slipknot’s work for future generations.

Band co-founder M. Shawn “Clown” Crahan welcomed the partnership. He noted HarbourView’s ambition to build upon what the band started a quarter-century ago. The deal suggests plans for expanded projects and reach.

This Slipknot catalog sale is part of a larger trend of iconic artists monetizing their life’s work. It ensures their aggressive, mask-wearing legacy is both preserved and powerfully amplified for the digital age.

Thought you’d like to know

What does the Slipknot catalog sale include?

The deal includes a majority stake in both publishing and recorded music royalties. This covers revenue from album sales, streaming, and licensing. It represents the bulk of their commercial recordings.

How much was the Slipknot catalog sold for?

Exact financial terms were not officially released. However, industry reports from Billboard estimate the transaction’s value at around $120 million. The band and HarbourView did not confirm this figure.

Will Slipknot still own any of their music?

Yes. Selling a “majority stake” means the band sold over 50% of the catalog’s rights. Slipknot members will retain a minority ownership share. They will continue to earn royalties from their remaining portion.

Why are artists selling their catalogs now?

Many artists are capitalizing on high market valuations for proven music assets. It provides a large, immediate cash payout. It also allows rights management companies to handle complex licensing and monetization.

Who is HarbourView Equity Partners?

HarbourView is a notable investment firm focused on intellectual property. They have recently acquired stakes in catalogs from Kelly Clarkson and producer Rodney Jerkins. They target music with lasting cultural relevance and audience engagement.

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