Slipknot sells majority stake in back catalogue to investment firm
Slipknot have sold a majority stake in their back catalogue to the investment firm HarbourView Equity Partners.
The fee involved is undisclosed, but in August, Billboard reported that the metal icons were nearing a deal worth $120 million with HarbourView.
Now, the global investment firm has confirmed to The Hollywood Reporter they have finalised a deal with Slipknot, which relates to publishing and master recording royalties.
The deal has arisen following the conclusion of Slipknot’s deal with Roadrunner Records, which ended following the release of their 2022 album, The End, So Far.
Slipknot’s Shawn ‘Clown’ Crahan said in a statement, “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 Equity Partners, also said: “Slipknot’s music has redefined heavy metal and created a global cultural phenomenon. 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.”
Clarke continued, “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.”
While the rate of artists selling stakes in their back catalogues in recent years has slowed down compared to 2020 to 2023, Jack White reportedly agreed a deal with Sony Music in September, which also includes his material with The White Stripes, The Raconteurs, and The Dead Weather.
Additionally, in late 2024, Pink Floyd agreed to sell their back catalogue and likeness to Sony for a reported £400 million.
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