The Weeknd Secures Billion-Greenback Catalog Partnership

Abel Tesfaye, aka The Weeknd, might have simply inked a trend-setting catalog deal. In keeping with Selection, the Canadian famous person is partnering with Lyric Capital Group, who’re investing in his catalog from the start by way of 2025. Which means it does not apply to something in 2026 and past.

However as we teased, this is not a standard catalog sale. As an alternative, The Weeknd and his workforce are nonetheless sustaining full inventive management. In a Lyric rep’s assertion to the publication they are saying, “From the start of the assembly, it was clear to all at Lyric that Abel wouldn’t promote his catalog. He wished to be extra progressive and artistic in the way in which we established a partnership.”

They proceed, “To that finish, by way of this enterprise, we constructed and launched a brand new enterprise mannequin with Abel and his iconic catalog whereby Abel and his workforce have the liberty to execute their inventive imaginative and prescient with the whole thing of his rights, each publishing and masters. This distinctive catalog deal units a brand new customary for artist fairness and management.”

It is value noting that this may even not have an effect on The Weeknd’s present label ties. He is nonetheless with XO/Republic/Common Music Group. Common Music Publishing Group will administer his publishing catalog.

If this wasn’t sufficient of a homerun for the Hurry Up Tomorrow singer, this deal is value a fairly penny. Earlier stories from the likes of Bloomberg and Billboard shared that the 35-year-old’s belongings have been valued no less than $1 billion.

As of but although, the worth of this contract is just not but out there. Nonetheless, whether it is, then it is going to be the second-most costly catalog acquisition was Sony nabbing Queen’s for $1.27 billion final 12 months.

Wildly sufficient although, this is not the one $1 billion accomplishment for The Weeknd. His large After Hours Til Daybreak world tour grossed that a lot. He grew to become the primary male solo artist to attain that mark.