Red Hot Chili Peppers sell song catalogue for US$140 million


American band Red Hot Chili Peppers are the latest to sell their music publishing rights, having struck a US$140-150 million deal with British investment firm Hipgnosis. – EPA pic, May 4, 2021.

THE Red Hot Chili Peppers are the latest high-profile act to sell their music publishing rights, in a deal reportedly worth US$140-150 million (RM577-619 million) struck with the British investment firm Hipgnosis.

Industry tracker Billboard cited anonymous sources in first reporting the sale of the catalogue that includes hits like “Under The Bridge”, “Californication” and “Snow (Hey Oh)”.


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