Slipknot has completed a deal with HarbourView Equity Partners worth approximately $120 million, covering the band’s archival catalog but not future releases.
Co-founder M. Shawn 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.”
HarbourView Equity Partners CEO Sherrese Clarke says Slipknot’s music “redefined heavy metal and created a global cultural phenomenon.”
Billboard estimates that Slipknot’s music generated $15.5 million in annual revenue over the last three years, with an additional $5.2 million per year from publishing.
The band retains ownership of its publishing, while Warner Music Group controls the master recording catalog.
