Overview
- Lyric Capital has invested in The Weeknd’s music from his career start through 2025, with future releases excluded from the venture.
- Abel Tesfaye and his team retain creative control and remain owners and shareholders in the new company rather than executing an outright sale.
- Multiple outlets report a valuation around $1 billion, though representatives for The Weeknd and Lyric have not confirmed financial figures.
- Lyric describes the structure as a bespoke, non‑securitized 'Royalty Backed Note' produced with Partners Group, and public commentary has framed the financing as loan‑like based on reports of a debt‑and‑equity mix.
- Existing ties to XO/Republic/Universal Music Group remain intact, Universal Music Publishing Group continues administering his publishing, and the scale of his catalog is underscored by 120+ million monthly Spotify listeners and a tour gross topping $1 billion.