Slipknot in Talks to Sell Catalog for $120 Million

The prominent masked metal outfit Slipknot could be the next major artist to sell the rights to their music. A report from Billboard said the global investment firm HarbourView Equity Partners is in talks with the band to purchase the catalog for $120 million.

The deal:

• As of now, the deal excludes future recordings.

• The band currently includes eight members. It is unclear if all of them are selling their stakes in the royalties.

The catalog:

• Warner Music Group (WMG) owns Slipknot’s masters following its acquisition of the band’s longtime label, Roadrunner Records.

• This leaves the band free to sell their share of royalties.

• Slipknot has accrued 14.6 million equivalent album units in the US and 15.73 billion streams across global streaming platforms, according to Luminate.

• This amounted to 740,000 units annually in the US over the last three years, leading to $15.5 million in recording revenue and $5.2 million in publishing royalties.

HarbourView:

• The firm controls $3 billion in music and entertainment assets.

• Its portfolio includes royalty stakes from artists such as T-Pain, James Fauntleroy, George Benson, Noel Zancanella, Fleetwood Mac’s Christine McVie, Pat Benatar, and more.