Slipknot's Master Record Publishing Rights And Royalties To Be Sold For $100 Million

JAKARTA - US heavy metal band Slipknot is reportedly close to finalizing a deal to sell its catalog to HarbourView Equity Partners for approximately US$120 million, equivalent to IDR 1.9 trillion.

According to Billboard, the catalog included in the deal includes publishing rights and master recording royalties.

Warner Music Group currently controls Slipknot's master recordings, so only their portion of the recorded music royalties are available for purchase.

This deal excludes future Slipknot recordings, meaning new songs or albums will not be part of the agreement with HarbourView.

According to data from Luminate, Slipknot's catalog has sold 14.6 million albums in the US and generated 6.8 billion domestic streams. Meanwhile, their global streaming figures have reached 15.73 billion across all platforms.

It is also stated that Slipknot's master recording catalog has sold an average of 740,000 album units per year in the US over the past three years and generated approximately 2.31 billion global streams per year.

The record generated approximately $15.5 million in recording revenue and an additional $5.2 million in publishing royalties.

If Slipknot received the standard royalty rate of 25% on master recordings and 85% on publishing, after deducting administrative costs, the combined annual royalties would total approximately $8.9 million.

However, according to Billboard, several sources indicate that not all Slipknot members sold their shares, potentially reducing the actual revenue stream to $6-7 million per year.

For your information, HarbourView Equity Partners alone has amassed nearly $3 billion in music and entertainment assets.

Their portfolio includes royalty shares from artists such as T-Pain, James Fauntleroy, George Benson, Noel Zancanella, Christine McVie of Fleetwood Mac, Pat Benatar, Neil Giraldo, Nelly, Jeremih, Wiz Khalifa, Kane Brown, Full Force, and many more.