Slipknot are believed to be in the final stages of a mega-deal that will secure them millions for their music catalogue.
Slipknot are reportedly in talks to sell their entire back catalogue for $120 million.
According to a scoop from Billboard Pro, the masked metal titans are on the verge of sealing a high-stakes deal with HarbourView Equity Partners.
Said to be in the final stages, it would see Corey Taylor’s band hand over ownership rights to both their publishing and master recording royalties for all of their releases since their self-titled 1999 debut. However, it’s reported that any new music wouldn’t be part of the sale.
Slipknot’s hits include Wait and Bleed, Duality, and Psychosocial.
It comes after the group left their long-time label, Roadrunner Records, in 2022.
Slipknot’s last studio album was 2022’s The End, So Far.
While the band have yet to comment publicly, the move follows a growing trend of artists cashing in on their musical archives.
Just last month, Kelly Clarkson sold a portion of her music catalogue to the same investment company.
The 43-year-old pop star decided to sell some of her most acclaimed and recognisable hits, including Since U Been Gone, Because of You, Stronger (What Doesn’t Kill You), and Behind These Hazel Eyes, to HarbourView Equity Partners.
Kelly said in a statement: “My music is such a huge part of my journey – not just professionally, but personally. Knowing these songs will continue to be heard and discovered by new generations means everything to me. I’m grateful to HarbourView for valuing and supporting this catalogue the way they do.”
The likes of Queen, KISS, Pink Floyd, Stevie Nicks, Bob Dylan, and Neil Young have also landed mega-bucks for their songs.
