Red Hot Chili Peppers have reportedly sold their catalog to Merck Mercuriadis‘s Hipgnosis Songs Fund for around $140 million.
The deal, which was first reported by Billboard, will include the band’s most popular songs, such as “Under The Bridge,” “Dani California,” “Snow (Hey Oh), “Californication,” “Otherside,” “Can’t Stop” and “Give It Away.”
The band’s publishing catalog was written by frontman Anthony Kiedis, bassist Flea, drummer Chad Smith and guitarist John Frusciante. It reportedly generates $5 million to $6 million in net publishers’ share.
The deal marks the latest catalog sale from a major legacy artist and one of the highest profile acquisitions to date for Hipgnosis, which includes Richie Sambora, Neil Young, Lindsey Buckingham and Jimmy Iovine.
Recently, Bob Dylan sold his songwriting catalog to Universal Music Publishing for more than $300 million and Stevie Nicks sold hers to Primary Wave for $100 million.
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