The Weeknd Closes Catalog Partnership With Lyric Capital Said to Be in $1 Billion Range, ‘Unique’ Deal ‘Sets New Standard for Artist Equity and Control’

The Weeknd Closes Catalog Partnership With Lyric Capital Said to Be in $1 Billion Range, ‘Unique’ Deal ‘Sets New Standard for Artist Equity and Control’

The Weeknd and Lyric Capital Group have closed a deal forming a business venture together wherein Lyric has invested in the artist’s music catalog from inception through 2025, reps for the artist confirm to Variety. The deal sees the Weeknd — real name: Abel Tesfaye — and his team maintaining creative control over the catalog and remaining shareholders and owners in the company. The rep notes that the joint venture is not a conventional catalo…