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Partners Group Supports The Weeknd with Royalties Strategy
The Weeknd, a globally acclaimed musician, has teamed up with Lyric Capital to transition his entire back catalogue into a new vehicle. This strategic move allows him to retain creative control over his work. Partners Group played a pivotal role by providing a Royalty Backed Note, facilitating this partnership. This innovative financial structure enables artists to monetize their back catalogues while maintaining control.
The Weeknd, who boasts the highest number of monthly listeners on Spotify, aims to capitalize on his extensive fanbase and successful discography. His catalogue features hits such as “Blinding Lights” and “Timeless.” Stephen Otter from Partners Group highlights the inclusion of The Weeknd’s diverse body of work, emphasizing the stable growth from mature songs and streaming.
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