The Red Hot Chili Peppers are the latest band to cash in on their catalog. The legendary band sold the rights to their recorded catalog to Warner Music Group in a deal worth more than $300-million.
Red Hot Chili Peppers sold the rights to their recorded catalog to Warner Music Group in a deal worth more than $300 million, according to @THR.
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This is the second time the band has made bank on their catalog; back in 2021, the group sold its publishing catalog to Hipgnosis in a $140-million deal. “Billboard” reported last year that the Red Hot Chili Peppers master recording catalog generates about $26-million in revenue annually.
