Red Hot Chili Peppers Sell Catalog For $140 Million

According to Rolling Stone, RED HOT CHILI PEPPERS are are promoting their publishing rights to Hipgnosis Songs Fund for round $140 million.
One of essentially the most profitable acts in rock historical past, RED HOT CHILI PEPPERS, which is singer Anthony Kiedis, bassist Flea, drummer Chad Smith, and guitarist John Frusciante, have offered greater than 60 million albums, together with 5 multi-platinum LPs, and gained six Grammy Awards, together with “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’ newest album, “The Getaway”, debuted at No. 1 on the Billboard Album Sales chart and at No. 2 on the Billboard 200 upon its launch in 2016. “The Getaway” marked the band’s seventh prime 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 within the United Kingdom and Germany.
Hipgnosis, which was based by Merck Mercuriadis, is a Guernsey registered funding firm established to supply traders a pure-play publicity to songs and related musical mental property rights. The firm has raised a complete of over £1.1 billion (gross fairness capital) by means of its preliminary public providing on in July 2018, and subsequent points in April 2019, August 2019, October 2019, July 2020, September 2020 and February 2021.
Major artists, songwriters, and producers — together with Shakira, Neil Young, Lindsey Buckingham of FLEETWOOD MAC, RZA of the WU-TANG CLAN and Debbie Harry of BLONDIE — have offered half or all of their catalogs to Hipgnosis.

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