The Weeknd has officially entered a new chapter of his career.

Abel Tesfaye has closed a partnership with Lyric Capital Group, forming a business venture in which Lyric has invested in his music catalog from inception through 2025. Notably, the deal excludes any future releases, meaning The Weeknd retains full control over what comes next creatively — a major distinction from traditional catalog sales.

Unlike standard catalog buyouts where artists fully relinquish ownership, this arrangement appears to be more collaborative and strategic. By structuring the deal as an investment rather than a clean sale, Abel positions himself to benefit from the long-term value of his existing work while still maintaining leverage over his artistic future. In today’s streaming-driven economy, that balance is everything.

Considering The Weeknd is one of the most-streamed artists of all time, with a catalog packed with era-defining hits like “Blinding Lights,” “Starboy,” and “The Hills,” the billion-dollar valuation isn’t surprising. His music continues to dominate global playlists, appear on TV and film soundtracks, and generate substantial licensing revenue.

This move solidifies Abel not just as an artist but as a savvy businessman who understands the value of his work. It’s a bold, forward-thinking deal — and one that may set a new precedent for how top-tier artists approach ownership.

Ileyah

Ileyah is a mom, a writer and a musician. She loves late nights and gluten free snacks.