(Special Report)

Written by: Cody Denning

The Red Hot Chili Peppers, one of rock music’s most iconic bands, are reportedly looking to sell their recorded music catalog for an estimated $350 million, according to a recent report from Billboard. This potential sale marks another significant move by the band to monetize their extensive body of work, following their 2021 deal with Hipgnosis Songs, which netted them approximately $140 million for their music publishing rights.

The catalog in question includes the band’s 13 studio albums and additional releases under Warner Music Group, featuring timeless hits like “Under the Bridge,” “Californication,” “Give It Away,” and “Dani California.” Sources estimate that these recordings generate roughly $26 million in annual revenue, with the bulk of the income derived from their Warner Music era. It remains unclear whether the band’s first four albums, released under EMI, are included in the deal, though they reportedly contribute about $1 million annually to the catalog’s earnings.

Speculation is swirling around a possible agreement with Warner Music Group, with some insiders suggesting a deal may already be in the works, though no official confirmation has been provided. If the $350 million sale is finalized, combined with the prior $140 million from Hipgnosis, the Red Hot Chili Peppers could amass nearly $500 million for their musical legacy. This places them among a growing list of legendary artists cashing in on their catalogs, such as Bruce Springsteen ($500 million), Pink Floyd ($400 million), and Queen ($1.27 billion).

Formed in 1982, the Red Hot Chili Peppers have long been a dominant force in alternative rock, blending funk, punk, and rock into a distinctive sound that has sold over 120 million records worldwide. The band, currently consisting of Anthony Kiedis, Flea, Chad Smith, and John Frusciante, remains active, with plans to work on their 14th studio album in 2025 following a break from touring. Their most recent performance was a “California”-themed set at the FireAid benefit concert in Los Angeles on January 30, raising funds for wildfire relief efforts.

While some industry observers note the $350 million asking price could settle closer to $325-$340 million, the deal underscores the enduring value of the Chili Peppers’ catalog. Neither the band nor Warner Music Group has commented publicly on the negotiations at this time. As the music industry continues to see a surge in catalog sales, all eyes are on this potential transaction and what it could mean for the future of the band’s legacy.

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