Slipknot Sold a Majority Stake in Their Music Catalog for a Boatload of Cash

It’s the entrepreneur’s dream — you create something so enjoyed, so beloved that eventually you sell to some big corporation and get to coast on your millions. And though the guys in Slipknot aren’t going to be kicking back on an Aruba beach for the rest of their lives anytime soon, they effectively got their bag by selling a majority stake of their entire music catalog.

There had been rumblings of this sort of deal going down, but it’s actually happened now. According to a report by The Hollywood Reporter, the deal sees Slipknot selling to HarbourView Equity Partners. Though a final value wasn’t disclosed, rumors have long been swirling since a Billboard report this past August suggested such a deal could be done for a cool $120 million. Slipknot’s Michael “Clown” Crahan commented on the sale:

“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.”

Bigger and better would certainly be interesting. We are, after all, talking about a career that spans a quarter of a century, 11 gold and platinum records, and millions of monthly listeners on Spotify.

Sherrese Clarke, Founder and CEO of HarbourView Equity Partners, said in a statement how the company was thrilled to add Sliptknot to the music holdings they already own.

“Slipknot’s music has redefined heavy metal and created a global cultural phenomenon. Their catalog 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 honored to help preserve and amplify the group’s work for decades and generations to come.”