Red Hot Chili Peppers Sell Recorded Music Catalog to Warner Music Group for Over $300 Million
By
Daniel Kreps
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· 3 sourcesThe Red Hot Chili Peppers have sold their recorded music catalog to Warner Music Group for over $300 million, Rolling Stone reported. The deal, made through a joint venture between Warner Music Group and Bain Capital, covers recordings from 1991's *Blood Sugar Sex Magik* onward. This follows the band's earlier sale of their publishing rights five years ago for a reported $140-150 million, according to Rolling Stone.
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Summary
The Red Hot Chili Peppers have sold their recorded music catalog to Warner Music Group for over $300 million. The deal, made through a joint venture between Warner Music Group and Bain Capital, covers the band's recorded music catalog spanning their career since 1991's Blood Sugar Sex Magik. This follows the band's earlier sale of their publishing rights five years ago for a reported $140-150 million.
Key quotes
· 3 pulledThe Red Hot Chili Pepper have sold their recorded music catalog to Warner Music Group in a deal worth more than $300 million.
Warner Music Group, the band's home since 1991's Blood Sugar Sex Magik, acquires the Peppers' catalog as part of Bain Capital joint venture
Five years after the band sold their publishing rights in a $1...
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