Slipknot Sells Catalog Stake to HarbourView

GRAMMY-winning metal band Slipknot has sold a majority stake in its catalog to HarbourView Equity Partners.

The details:

• The deal includes both publishing and recorded royalties.

• Financial details have not been disclosed, nor has the exact size of HarbourView’s stake been confirmed.

• A report in August said the then-rumored deal was worth $120 million.

Why it matters:

• Slipknot is one of the most acclaimed metal bands of the past 30 years.

• The Iowa-founded outfit has one win from 11 GRAMMY nominations (Best Metal Performance for 2006’s “Before I Forget”).

• The group has 11 Gold and Platinum albums.

Other deals:

• Earlier this year HarbourView acquired a stake in Kelly Clarkson’s catalog, and struck a music rights deal with Rodney “Darkchild” Jerkins.

What they said:

• M. Shawn “Clown” Crahan, Slipknot founder and percussionist: “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.”