Alt-Metal icons Slipknot have sold a majority stake in their music catalog to HarbourView Equity Partners.
The company confirmed the deal to The Hollywood Reporter. The deal includes both publishing and recorded royalties.
Neither Slipknot nor HarbourView disclosed financial details of the agreement. However, Billboard had reported in August that the deal was worth about $120 million.
In a statement, Slipknot percussionist M. Shawn "Clown" Crahan said of the partnership, "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."
Sherrese Clarke, Founder and CEO of HarbourView Equity Partners, added, "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 deal gives HarbourView a stake in one of the most influential metal bands of their generation. Slipknot have earned 11 Grammy nominations over the course of the band's nearly 30-year career, winning one in 2006 for best metal performance for their platinum single "Before I Forget."
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