Red Hot Chili Peppers Seek $350 Million for Recorded Music Catalog Sale
The Red Hot Chili Peppers are exploring the sale of their recorded music catalog, with an estimated value of up to $350 million. This potential deal includes hits like "Californication," "Under the Bridge," and "Give It Away."
RHCP performing live on stage
The band currently owns rights to their 13 studio albums and additional releases through Warner Music Group (WMG), though ownership of their first four EMI-released albums remains unclear. Their extensive catalog spans from their 1984 self-titled debut to their latest releases, "Unlimited Love" and "Return of the Dream Canteen" (2022).
Eric Greenspan, who previously orchestrated the band's $140-150 million publishing rights sale to Hipgnosis in 2021, is leading the negotiations. Industry sources suggest the final sale price may land between $325-340 million.
The catalog generates approximately $26 million in annual revenue, with a net label share of around $20 million after expenses. If successful at the asking price, the band's combined catalog sales would total roughly $500 million.
Workers at vinyl record pressing plant
Altice Building against blue sky
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