The Weeknd landed an progressive $1 billion deal masking his catalog by means of 2025 whereas protecting inventive management.

The Weeknd closed a groundbreaking $1 billion enterprise enterprise with Lyric Capital Group that covers his total music catalog from inception by means of 2025.

The Canadian celebrity maintains inventive management and possession stakes within the progressive partnership introduced on December 13. The deal breaks from conventional catalog gross sales by protecting Abel Tesfaye as a shareholder and firm proprietor.

Representatives confirmed the three way partnership offers The Weeknd full inventive freedom over his publishing and grasp recordings whereas securing large capital funding.

“From the beginning of the meeting, it was clear to all at Lyric that Abel would not sell his catalog,” a consultant advised music/news/the-weeknd-closes-catalog-partnership-with-lyric-capital-1-billion-1236608271/”>Variety. “He wanted to be more innovative and creative in the way we established a partnership.”

The partnership covers solely music launched by means of 2025 and excludes future initiatives. The Weeknd continues his relationship with XO/Republic/Universal music Group whereas Universal music Publishing Group administers his publishing catalog.

The timing coincides with The Weeknd’s record-breaking “After Hours ‘Til Dawn” tour, surpassing $1 billion in gross income. The tour achievement made him the primary male solo artist to achieve that milestone.

Lyric Capital created what they name a “first-of-its-kind ‘Royalty Backed Note’” produced with Partners Group. The construction provides artist-friendly phrases whereas offering important capital with out the standard catalog-sale restrictions.

The Weeknd instructions over 120 million month-to-month Spotify listeners, cementing his standing as one of many world’s hottest recording artists. His catalog consists of hits from albums like “After Hours” and “Dawn FM,” in addition to breakthrough mixtapes that launched his profession.

Lyric Capital invests in music royalties and owns Spirit music Group, which controls catalogs from Tim McGraw, Jason Aldean and Ingrid Michaelson.

The firm focuses on artist-friendly constructions for high-value catalog partnerships. The partnership units a brand new precedent for main artists in search of capital whereas sustaining inventive management.

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