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.
13 Comments comments associated with this post
Tell Me Baby
May 9, 2021 at 12:26 amTake the Money and Run,
Have you listened to any RHCP from this century? There’s lots of great shit on By the Way, Stadium Arcadium, I’m With You, I’m Beside You, The Getaway.
Steven Hill
May 6, 2021 at 8:10 amHow Many Memorable Songs Do They Have? Have No Idea Why they are in the Rock n Roll HOF!
kevin Bazur
May 5, 2021 at 5:28 pmReallly???? Very overrated group and now over paid. KB
peachhead
May 5, 2021 at 10:19 ammakes sense. Can’t take anything with you so at least youre setting up your families for good fortune
Arch Stanton
May 5, 2021 at 6:53 amThat’s crazy. If Bob Dylan can get 300 million then the Chili Peppers should have got 600 million. That’s a steal for 140 mil.
zen
May 5, 2021 at 5:37 pmErr….not sure about this comment, brother. I love the Chili Peppers but comparing them to Dylan is like comparing lightning to a lightning bug.
WB
May 4, 2021 at 10:23 pm$140mil ! i dunno about that, but i like early Peppers and BSSM, lots of energy, later stuff ehh not so much.
nope
May 4, 2021 at 8:26 pmFrusciante,….. as his name is,…..is a drug addict, like the rest of’em. They aight tho, they deff aight.
The fun question’ll be, what each member’s lawyers and agents say about the breakdown of the $140 mm, and how they divvy it up,…. or, will it essentially all go to the lawyers ‘n’ agents?
Rolling Stone / Billboard News Files
May 4, 2021 at 4:48 pm*****BREAKING NEWS*****
(AP) -Connecticut.
So-Called Jam Band ‘Real Estate’ has inked a deal with a similar as of yet unnamed private equity firm, which will purchase Real Estate’s studio and live catalogue. Though unconfirmed, industry news sources have speculated that the purchase price was not less than $175 dollars.
take the money and run
May 4, 2021 at 3:41 pmWhy not? Like selling houses lately…
I was reflecting on RHCP the other day after hearing a cut off of Blood Sugar Sex Magik. Holy cow, is that dated! That stuff is not aging well. Overly produced white boy funk, and Anthony Kiedis rapping was absolutely brutal. I actually felt embarrassed to say I liked this stuff at one point.
Yep
May 4, 2021 at 5:45 pmU liked it because Mother’s Milk is the work of genius. IT was their music height of heights. BSSM is why Frusiate left i know i never owned that one. Totally overproduced, and shallow in context. It had some nice grooves, but that’s about it. And yes thus id the definition of selling out. No surprise with these dudes.
Hillel Slovak
May 4, 2021 at 2:58 pmSomebody got ripped off. 140 million for Suck My Kiss and Under the Bridge? Nice fucking stuffed animal pants.
spikenyc
May 4, 2021 at 3:24 pmRight on Hillel!
LOL!!