Overview
- Lyric Capital has taken an investment stake in The Weeknd’s catalog spanning his career through 2025 under a joint-venture structure.
- The artist retains full creative control over masters and publishing and holds ownership stakes in the partnership.
- Existing arrangements with XO/Republic/Universal Music Group and Universal Music Publishing Group remain in place.
- Reporting places the transaction near $1 billion in value, with Variety indicating it may exceed that mark.
- Lyric says it financed the deal with a “Royalty Backed Note” produced with Partners Group, as he surpasses 120 million monthly Spotify listeners and his tour has grossed over $1 billion.