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… Source link
Read More »Big Red Hot Chili Peppers deal shows song catalogs as a ‘safe asset class’
