See? There’s cash in steel! You simply gotta have a profitable profession of practically 30 years and make music everybody likes. Straightforward.
Anyway, Slipknot is reportedly in talks to promote its publishing and recorded masters royalty earnings in a deal valued round $120 million. In keeping with Billboard, sources point out the band has both finalized or is near closing with HarbourView Fairness Companions, some of the energetic consumers within the music and leisure rights market.
In keeping with business tracker Luminate, Slipknot’s recorded masters have moved 14.6 million album consumption models within the U.S. alone, amassing 6.8 billion home streams. When factoring in world exercise, that complete jumps to fifteen.73 billion streams worldwide — a testomony to the enduring demand for the band’s music greater than twenty years after their 1999 self-titled debut exploded onto the scene.
The identical Billboard report notes that within the deal, Slipknot retains possession of its publishing, which is a part of what’s on the desk on this deal, however Warner Music Group controls the grasp recording catalog by way of its 2007 acquisition of Roadrunner Data. Which means solely the band’s royalty earnings from these masters is being provided, not the masters themselves. Sources additionally recommend not each member is taking part, which may slim the slice of earnings HarbourView would purchase.
Primarily based on Luminate’s information, Billboard estimates Slipknot’s masters have averaged 740,000 album consumption models per yr within the U.S. over the previous three years, with roughly 2.31 billion world streams yearly — producing about $15.5 million in income.
I might additionally wish to level out that complete “reportedly not each member is taking part” bit. I ponder who’s in and who’s out, and if it’s going to have an effect on the band in any respect? If any of this goes by way of, after all.
As for as new Slipknot music goes, it is coming! In keeping with Slipknot guitarist Jim Root in an interview with the Turning Wrenches podcast this May, he was actually engaged on it: “And proper now I am taking a look at six [songs] and I’ve 4 extra that I am engaged on. And I might wish to have 20 or 25 earlier than we truly begin doing pre-production and rewriting and rearranging and Corey placing lyrics on all the pieces. So, no excursions arising. It is in all probability gonna be some time earlier than we do one other U.S. run or a European run.”
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