HarbourView Equity Partners has entered into a strategic partnership with Slipknot.
The deal sees HarbourView acquiring a majority stake in Slipknot’s catalogue, including tracks Wait And Bleed, Duality, Psychosocial and the Grammy-winning Before I Forget.
Terms of the deal were not disclosed. It is reported that the deal covers both publishing and recorded music royalties.
Slipknot have more than seven billion YouTube views to date, and social followers in the tens of millions. The band have sold 30 million albums worldwide.
"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,” said Slipknot’s M Shawn “Clown” Crahan in a statement. “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,” said Sherrese Clarke, founder and CEO of HarbourView Equity Partners. “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 1990s 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.”
The partnership deal was negotiated with Slipknot’s legal representation, Scott Legal Group. HarbourView was represented by Fox Rothschild.
HarbourView has approximately $2.67 billion in regulatory assets under management and 70-plus music catalogues to date, including Kelly Clarkson, T-Pain, James Fauntleroy, George Benson, Luis Fonsi, Fleetwood Mac’s Christine McVie, Pat Benatar, Neil Giraldo, Nelly, Wiz Khalifa and Kane Brown.
Recent placements include Daniel Caesar’s Blessed in Netflix series Forever; the commercial licensing of Fleetwood Mac’s The Chain, which was spotlighted in the official F1 movie trailer; and Bad Bunny’s hit EoO, which samples Hector y Tito’s Perreo Baby from HarbourView’s catalogue, as featured in his Calvin Klein campaign.
PHOTO: Jonathan Weiner
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