The Red Hot Chili Peppers are said to be selling the rights to its song catalog, which include hits like “Californiacation” and “Scar Tissue,” for $140 million — in a deal that may have implications for the music industry.
London-based music investment company Hipgnosis will acquire the catalog, Billboard reported this week. The agreement would add to the firm’s already impressive roster of A-list publishing deals, from Neil Young and Shakira to former Fleetwood Mac guitarist Lindsey…
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