Red Hot Chili Peppers Sell Recorded Music Catalog for Over $300 Million

By Daniel Kreps

Daniel Kreps

The Red Hot Chili Pepper have sold their recorded music catalog to Warner Music Group in a deal worth more than $300 million.

Five years after the band sold their publishing rights in a $150 million deal, the Peppers’ recorded output — which spans 13 studio albums, the last nine of which were released via Warner — more than doubled that price in a deal that was executed Friday, The Hollywood Reporter and Billboard reported.

The purchase of the Chili Peppers’ catalog was part of a bigger deal involving WMG and Bain Capital, a joint venture that has so far acquired $650 worth of music and publishing rights; the RHCP deal makes up half of that purchase, with the remaining spending currently unknown, Billboard writes.

In May 2015, the Red Hot Chili Peppers sold their publishing rights to Hipgnosis Songs Fund for around $150 million; according to The Hollywood Reporter, those publishing rights might change ownership again as Hipgnosis (now known as Recognition Music Group) is in the process of being acquired by Sony Music as part of a multi-billion dollar deal.

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