Slipknot has sold a portion of their catalog royalties, as reported by theprp. It was earlier rumored that the deal will cost about $120 million. The band has completed the sale of its share to HarbourView Equity Partners, according to the Hollywood Reporter. Neither party divulged the precise financial specifics of the deal. Although it was mentioned that the agreement covers both publishing and recorded royalties, the percentage of the interest involved was also not disclosed. M. Shawn “Clown” Crahan, the band’s artistic director and drummer, made this claim 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.
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. 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. – Sherrese Clarke, HarbourView Equity Partners’ CEO and founder
In more recent news, a demo of Slipknot‘s song “Me Inside” has been released. This early attempt at the song is included in the band’s forthcoming, comprehensive 25th anniversary edition of their 1999 self-titled debut album, which was certified two times multi-platinum. The deluxe box set was released on September 5th. Following the band’s lengthy tour in honor of that milestone last year, the commemorative version of the historic album is released. During that run, the band played performances that heavily featured songs from that seminal record while paying respect to their vintage red jumpsuits and masks with faithfully updated recreations.