As reported by the US website of Billboard And it has echoed eldiario.es In Spain, Slipknot They could soon close a sale of their catalog to HarborView, investor fund financed by KKR.
The soap opera of the KKR investment fund relationship with music continues. It has been announced that the Metal Slikpnot band would be negotiating with Harbourview Equity Partners, New Jersey company that is part of the framework of companies of the KKR Investor Fund and that has already bought more than seventy musical catalogs of artists of the most diverse.
The treatment would have as its protagonist the entire musical catalog of the masked band so far, not including what they are going to publish from now on. It is estimated that the purchase figure would rotate around one hundred and twenty million dollars. This purchase would be another example that the music of music and culture in general is becoming increasingly concentrated in the hands of business frameworks that are made with rights of song exploitation, discs, movies, and so on.
Harborview has recently negotiated with KKR to obtain part of the necessary capital to expand in the world of culture. Among the catalogs that are in the hands of the company we find those of Wiz Khalifa, Kelly Clarksson -in part-, T-Pain, Pat Benatar, Nelly either Luis FonsI, among others.
On the other hand, Harbourview He has an agreement with Westbrook Studios – rapper and actor’s supply Will Smith-, Flavor Unit and Jesse Collins Entertainment to finance various biopics of rap artists such as Queen Latitah -An production– or Usher. They are also partners in partnership strategies between the world of cinema and music, having participated in the commercial license of “The Chain” of Fleetwood Mac For the movie trailer “F1” and of “eoo” of Bad Bunny – whose Hector and Tito sample belong to the HarborView catalog – in a recent advertising campaign of Calvin Klein.
Thus, Harbourview The commitment goes up when doing rights and joining the race that star in other investors such as Hypnosis (Neil Young, Shakira, Red Hot Chili Peppers, Justin Timberlake, Blondie…) either Primary Wave (Bob Marley, Prince, Smokey Robinson, The Doors, James Brown…).
Now we need to see if Slipknot finally close the agreement or if there is any statement regarding the sale of these rights.
