Slipknot have officially sold a majority stake in their music catalog to HarbourView Equity Partners, sealing a deal that had been rumored for months.
HarbourView confirmed the deal to The Hollywood Reporter on Tuesday, and that it includes both publishing and recorded royalties. While exact terms weren’t disclosed, Billboard previously reported in August that it is worth roughly $120 million.
In a statement, Slipknot percussionist M. Shawn “Clown” Crahan said of the partnership, “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.”
Related Video
Sherrese Clarke, Founder and CEO of HarbourView Equity Partners, added, “Slipknot’s music has redefined heavy metal and created a global cultural phenomenon. Their catalog is a testament to their influence, passion, and enduring artistry within the genre. 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.”
She 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.”
Back in July, HarbourView bought a stake in pop star Kelly Clarkson’s catalog, while in May they purchased royalty rights from songwriter and producer Rodney “Darkchild” Jerkins.
Currently, Slipknot have no tour dates scheduled. Earlier this year, guitarist Jim Root mentioned that he was coming up with ideas for the next Slipknot album.