The Red Hot Chili Peppers sell their recorded music catalog to Warner Music Group in a deal reported at roughly $300 million or more. Warner Music Group acquires the catalog covering the band’s recorded works. Both outlets note that the band has been associated with Warner Music Group since at least 1991, when their album “Blood Sugar Sex Magik” was released. Rolling Stone adds that the purchase is carried out as part of a Bain Capital joint venture, linking the acquisition to Bain’s involvement in structuring the transaction. NME reports the figure as $300 million. Overall, the reporting agrees that the band’s recorded music rights are transferred to Warner Music Group for a deal valued around the same amount, and that the long-running relationship with the label dates back to the early 1990s.
Red Hot Chili Peppers Sell Music Catalog to Warner Music Group for About $300 Million
The Red Hot Chili Peppers sell their recorded music catalog to Warner Music Group in a deal reported at roughly $300 million or more. Warner Music Group acquires the catalog covering the band’s record...
- The Red Hot Chili Peppers sell their recorded music catalog to Warner Music Group.
- The deal value is reported at about $300 million (or over $300 million).
- Warner Music Group has been the band’s label partner since at least the 1991 album “Blood Sugar Sex Magik.”
- Rolling Stone reports the acquisition is part of a Bain Capital joint venture.
The band have been signed with the label since 1991's 'Blood Sugar Sex Magik' The post Red Hot Chili Peppers sell music catalogue to Warner Music Group for $300m appeared first on NME.
3 months agoWarner Music Group, the band's home since 1991's Blood Sugar Sex Magik, acquires the Peppers' catalog as part of Bain Capital joint venture
3 months ago
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