Slipknot is reportedly closing in on a deal to promote its music catalog in a transaction valued at roughly $120 million, based on Billboard.
Members of the masked steel band have both accomplished or are nearing a take care of HarbourView Fairness Companions for the possession rights to their publishing and grasp recording royalties. The deal reportedly covers the band’s archival catalog and doesn’t lengthen to future launch.
Based mostly on streaming information and different metrics, Billboard estimates that the band’s music has generated $15.5 million in annual income over the past three years, whereas publishing introduced in an extra $5.2 million per 12 months. Relying on what number of Slipknot members are concerned within the $120 million deal, the valuation a number of ranges from 13.5 to twenty instances.
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Subsequent month, Slipknot will mark the twenty fifth anniversary of their 1999 self-titled album with a large field set that includes 59 tracks, of which 40 have by no means beforehand been launched. Standalone reissues of the album may also be launched.
