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The Weeknd in talks for landmark $1 billion music catalogue deal

The Weeknd is said to be in talks for a mega deal that would see him land $1 billion for his music catalogue

The Weeknd is reportedly in "early" talks to land a whopping $1 billion for his music catalogue.

According to Bloomberg, the New York private equity firm, Lyric Capital Group, is negotiating a landmark deal with the Blinding Lights hitmaker, which would see the artist - whose real name is Abel Tesfaye - free up funds while keeping ownership of his music with his stake in his publishing rights and master recordings used as collateral.

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