Crimson Scorching Chili Peppers wish to unload their recorded music catalog for roughly $350 million, in response to a brand new report from Billboard. The deal could be along with the roughly $140 million that Hipgnosis Songs already paid the band for the publishing rights to their music in 2021.
In line with Billboard, Crimson Scorching Chili Peppers personal the rights to all 13 studio albums and different releases issued through Warner Music, though it’s not identified whether or not they personal their first 4 albums, which had been launched by EMI.
The band is buying its recordings for about $350 million, with Billboard estimating that the catalog brings in roughly $26 million yearly. In actual fact, sources inform Billboard that the Chili Peppers might have already struck a cope with Warner Music Group, though that has not been confirmed.
Along with the $140 million the band already secured from Hipgnosis, the Chili Peppers are taking a look at a complete of practically $500 million for all of their music belongings.
By comparability, Bruce Springsteen offered his catalog to Sony Music in 2021 for $500 million, whereas Pink Floyd lately took dwelling $400 million from Sony Music. In the meantime, the richest deal for a music catalog seems to be the $1.27 billion that Sony paid to Queen in 2024.
Crimson Scorching Chili Peppers don’t have any tour dates scheduled in 2025 as of but, though they lately performed the FireAid profit live performance on January thirtieth, performing a “California”-themed set on the Kia Discussion board in Los Angeles.