Slipknot is reportedly closing in on a deal to sell its music catalog in a transaction valued at approximately $120 million, according to Billboard .

Members of the masked metal band have either completed or are nearing a deal with HarbourView Equity Partners for the ownership rights to their publishing and master recording royalties. The deal reportedly covers the band’s archival catalog and does not extend to future release.

Based on streaming data and other metrics, Billboard estimates that the band’s music has generated $15.5 million in annual revenue over the last three years, while publishing brought in an additional $5.2 million per year. Depending on how many Slipknot members are involved in the $120 million deal, the valuation multiple ranges from 13.5 to 20 times. Relate

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