RED HOT CHILI PEPPERS Sell Catalog For $140 Million

May 4, 2021

According to Rolling Stone, RED HOT CHILI PEPPERS are are selling their publishing rights to Hipgnosis Songs Fund for around $140 million.

One of the most successful acts in rock history, RED HOT CHILI PEPPERS, which is singer Anthony Kiedis, bassist Flea, drummer Chad Smith, and guitarist John Frusciante, have sold more than 60 million albums, including five multi-platinum LPs, and won six Grammy Awards, including "Best Rock Album" for "Stadium Arcadium", "Best Rock Performance By A Duo Or Group" for "Dani California", "Best Rock Song" for "Scar Tissue" and "Best Hard Rock Performance With Vocal" for "Give It Away". The band was inducted into the Rock And Roll Hall Of Fame in April 2012.

RED HOT CHILI PEPPERS' latest album, "The Getaway", debuted at No. 1 on the Billboard Album Sales chart and at No. 2 on the Billboard 200 upon its release in 2016. "The Getaway" marked the band's seventh top 10 album and third No. 2 on the Billboard 200 chart. The LP debuted at No. 1 in Australia, Belgium, Ireland, Netherlands, and New Zealand and at No. 2 in the United Kingdom and Germany.

Hipgnosis, which was founded by Merck Mercuriadis, is a Guernsey registered investment company established to offer investors a pure-play exposure to songs and associated musical intellectual property rights. The company has raised a total of over £1.1 billion (gross equity capital) through its initial public offering on in July 2018, and subsequent issues in April 2019, August 2019, October 2019, July 2020, September 2020 and February 2021.

Major artists, songwriters, and producers — including Shakira, Neil Young, Lindsey Buckingham of FLEETWOOD MAC, RZA of the WU-TANG CLAN and Debbie Harry of BLONDIE — have sold part or all of their catalogs to Hipgnosis.

Find more on Red hot chili peppers
  • facebook
  • twitter
  • reddit
  • email

Comments Disclaimer And Information

BLABBERMOUTH.NET uses the Facebook Comments plugin to let people comment on content on the site using their Facebook account. The comments reside on Facebook servers and are not stored on BLABBERMOUTH.NET. To comment on a BLABBERMOUTH.NET story or review, you must be logged in to an active personal account on Facebook. Once you're logged in, you will be able to comment. User comments or postings do not reflect the viewpoint of BLABBERMOUTH.NET and BLABBERMOUTH.NET does not endorse, or guarantee the accuracy of, any user comment. To report spam or any abusive, obscene, defamatory, racist, homophobic or threatening comments, or anything that may violate any applicable laws, use the "Report to Facebook" and "Mark as spam" links that appear next to the comments themselves. To do so, click the downward arrow on the top-right corner of the Facebook comment (the arrow is invisible until you roll over it) and select the appropriate action. You can also send an e-mail to blabbermouthinbox(@)gmail.com with pertinent details. BLABBERMOUTH.NET reserves the right to "hide" comments that may be considered offensive, illegal or inappropriate and to "ban" users that violate the site's Terms Of Service. Hidden comments will still appear to the user and to the user's Facebook friends. If a new comment is published from a "banned" user or contains a blacklisted word, this comment will automatically have limited visibility (the "banned" user's comments will only be visible to the user and the user's Facebook friends).