Iconic heavy metal act Slipknot have sold a majority stake of their back catalogue to a global investment firm.
Including such signature songs as ‘Before I Forget’ and ‘Spit It Out,’ the 8-member outfit have confirmed their deal with HarbourView Equity Partners for the rights to their repertoire, though neither party has revealed the financial details.
In a statement to The Hollywood Reporter, Slipknot’s M. Shawn “Clown” Crahan said:
“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.”
About their recent acquisition, Founder and CEO of HarbourView Equity Partners, Sherrese Clarke said the company is “honored” to help “preserve and amplify” the Wait and Bleed hitmakers’ work for “decades and generations to come” adding:
“Slipknot’s music has redefined heavy metal and created a global cultural phenomenon.” “Their catalogue 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 honoured to help preserve and amplify the group’s work for decades and generations to come.”
Earlier this year, Billboard Pro reported that the Corey Taylor-fronted group were in talks with HarbourView Equity Partners over a $120,000,000.00 deal for the publishing and master recording royalties for their releases since their self-titled 1999 debut album. However, it was reported that any new music wouldn’t be part of the sale.
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Author: Al Denté
Photo: Gene Smirnov – [1] – philadelphia commercialportrait and music photographer.