SLIPKNOT has officially sold its music catalog in a deal reportedly worth around $120 million, according to The Hollywood Reporter. The agreement between members of the iconic metal band and HarbourView Equity Partners includes rights to both publishing and recording masters royalties for the band’s archival catalog, though it does not cover any future releases.
“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,” co-founder and percussionist M. Shawn Crahan (a.k.a. Clown) said in a statement. “Only they want to go even bigger. Get ready. Hail The Knot.”
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 1990s to present. 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.”
Billboard estimates that SLIPKNOT’s music has generated roughly $15.5 million annually in the past three years, with publishing contributing an additional $5.2 million per year.
It remains unclear whether all members participated in the deal. SLIPKNOT will retain ownership of its publishing, while the master recording catalog is controlled by Warner Music Group, which acquired the band’s longtime label, Roadrunner Records, in 2007.
Reeder, the visionary behind Metal Addicts, has transformed his lifelong passion for metal into a thriving online community for metal aficionados. As a fervent devotee of black metal, Reeder is captivated by its dark, atmospheric, and often unorthodox soundscapes.