Slipknot is negotiating a deal to sell its music catalog for approximately US$120 million (R$650 million at the current exchange rate).
According to Billboard , the agreement between the Iowa band members and HarbourView Equity Partners , a company specializing in acquiring music catalogs from major bands, includes publishing and master recording rights, as well as royalties . However, the agreement does not include future releases.
Based on streaming data, Billboard estimates that Slipknot's music generated $15.5 million in annual revenue over the past three years, while publishing generated an additional $5.2 million per year.
It is not confirmed whether all band members are participating in the deal. The contract value could increase almost 20 times with the involvement of more members. However, the catalog of master recordings is controlled by Warner Music Group , which acquired the band's former label, Roadrunner Records, in 2007.
The record label owns the rights to all albums released to date, from Slipknot (1999), Iowa (2001), Vol. 3: (The Subliminal Verses) (2004), All Hope Is Gone (2008), .5: The Gray Chapter (2014), We Are Not Your Kind (2019), to the latest, The End, So Far (2022).
New Slipknot album
Jim Root , guitarist for Slipknot, spoke about the band's new compositions, as well as the impact of their new drummer, Eloy Casagrande , on their touring schedule and how the pandemic has influenced their work.
In an interview with Guitar Interactive , Jim Root said that the band is currently focused on touring and, because of that, they aren't paying much attention to new music. [transcription via Blabbermouth ]: "We've been touring so much since Eloy arrived that my inspiration is almost zero."
The guitarist confirms that there is already material underway and comments: “There are several songs written during the pandemic, but I'm not interested in them. I think all the other members understand this too, I feel like they're all like 'let's get rid of all this and start from scratch'.”
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