Red Hot Chili Peppers have sold their entire recorded output to Warner Music Group in a deal worth more than $300 million. As Billboard reports, the deal includes their 13 studio albums, allowing the label to collect all future income generated by streaming, radio play, sales, and licensing.
In 2015, the band sold their publishing rights to Hipgnosis Songs Fund – now known as Recognition Music Group – for a reported $150 million. Just today, it was revealed that Sony Music Publishing reached an agreement to acquire Recognition’s entire catalogue of over 45,000 songs as part of a multi-billion dollar deal.
Red Hot Chili Peppers’ most recent albums, Unlimited Love and Return of the Dream Canteen, came out in 2022.
