Red Hot Chili Peppers are the latest act to sell off their publishing rights for a hefty sum.
News broke of the sale this week, with the hit-making band making a purported $140 million off the sale.
The buyers are the UK-based Hipgnosis, who trade in “musical intellectual property rights” for a litany of popular artists.
The big-money firm recently inked similar buy-out deals with Neil Young and Lindsay Buckingham.
But it seems like the publishing buy-out is more popular than ever – Bob Dylan made headlines in late 2020 after he sold his songwriting catalog to Universal Music for an estimated $300 million.