Slipknot is reportedly closing in on a deal to promote its music catalog in a transaction valued at roughly $120 million, in line with Billboard.
Members of the masked metallic band have both accomplished or are nearing a cope with HarbourView Fairness Companions for the possession rights to their publishing and grasp recording royalties. The deal reportedly covers the band’s archival catalog and doesn’t prolong to future launch.
Primarily based on streaming information and different metrics, Billboard estimates that the band’s music has generated $15.5 million in annual income during the last three years, whereas publishing introduced in a further $5.2 million per yr. Relying on what number of Slipknot members are concerned within the $120 million deal, the valuation a number of ranges from 13.5 to twenty occasions.
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Subsequent month, Slipknot will mark the twenty fifth anniversary of their 1999 self-titled album with an enormous field set that includes 59 tracks, of which 40 have by no means beforehand been launched. Standalone reissues of the album may even be launched.