The Weeknd Secures Historic $1 Billion Catalog Deal While Retaining Creative Control

The Weeknd Secures Historic $1 Billion Catalog Deal While Retaining Creative Control

The Weeknd Secures Historic $1 Billion Catalog Deal While Retaining Creative Control The Weeknd has officially entered rarefied air in music history. The global superstar has finalized a groundbreaking partnership with Lyric Capital Group, securing a deal tied to his music catalog that industry sources value at approximately $1 billion. Unlike traditional catalog sales, the agreement allows him to retain full creative control over his work while…

One Detail About The Weeknd’s $1 Billion Deal Is Changing How Fans See It

The Weeknd has just signed a $1 billion deal with Lyric Capital Group to form a business venture together, per the latest reports, but fans are seeing it as a loan from the popular recording artist. This is because it’s the singer’s catalog that has been valued at $1 billion, not him personally selling his catalog for that reported sum. In this deal, Lyric has reportedly invested in the artist’s (real name Abel Tesfaye) music catalog from incept…