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The Weeknd Secures $1 Billion Deal for Music Catalog

12/14/2025

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Story summary
  • The Weeknd and Lyric Capital Group formed a venture in which Lyric will invest in The Weeknd's music catalog through 2025, while The Weeknd retains creative control.
  • The arrangement uses a unique "Royalty Backed Note" to boost artist equity and signals a shift from traditional catalog sales.
  • The deal is over $1 billion, one of the largest for a single artist's catalog, and The Weeknd will continue publishing with Universal.