Red Hot Chili Peppers

How The ‘Red Hot Chili Peppers’ Signed A $140 Million Deal

The 'Red Hot Chili Peppers' relinquished the rights to their music in what was a massive deal.

Rock and roll is a genre that may not be what it once was, but it’s one that still had a profound impact on the music industry. Without rock, we wouldn’t have a lot of the artists that we have today. Everything from The Beatles, to Metallica, to earlier hip hop collaborations came courtesy of rock.

The Red Hot Chili Peppers are legends in their own right, and they remain one of the biggest bands around. Not long ago, the band was able to strike a fiery deal that net them $140 million.

Let’s take a look at the band and learn about that massive deal.

The Chili Peppers Are Legends Of The Game

As one of the most successful bands in the history of rock and roll, the Red Hot Chili Peppers are a premier act that has been at the top of the music industry since the early part of the 1990s.

Featuring Anthony Kiedis, Flea, Chad Smith, and John Frusciante, the band has been responsible for some of the biggest hits of multiple eras, and they have dropped several albums that are now considered classics. Thanks to this, the band has been able to sell roughly 80 million albums worldwide, making them an absolute powerhouse act that millions of people continue to adore.

Even though a band this successful could just as easily call it a day, the Red Hot Chili Peppers remain one of the most exciting acts in rock music. It just so happens that the band is gearing up for a monumental return next year.

The Band Is Gearing Up For A Huge Return

In one of the biggest newsbreaks to come out of the world of rock music in recent years, the Red Hot Chili Peppers stole headlines when they announced that guitarist John Frusciante would be making his way back to the band.

For the unfamiliar, Frusciante has had a hand in the band’s biggest records, and his guitar playing has been featured on their most popular albums. As such, Frusciante’s return to the group means that the quintessential Red Hot Chili Peppers lineup has assembled once again, and they are gearing up to release new music and go on a global trek in 2022.

Drummer Chad Smith talked about the new record and getting into a groove with Frusciante again, saying, “We were gonna play some festivals that obviously got postponed. So we could just plow through and write, and that’s what we did. It was kind of a blessing, because we want to come out with new music and play some new songs. It’s gonna be great when we finally go out next year and have a record to play, and a bunch of other stuff, obviously.”​​

This is amazing news for fans, but for the band, this was hardly the biggest news that they’ve had in recent years. Their biggest news gives them 140 million reasons to get excited.

The Band Sold Their Music At A Huge Price Tag Of $140 Million

So, how in the world did some seasoned funk rockers from Los Angeles score a $140 million deal? Well, thanks to having one of the most impressive catalogs available, the band was able to sell off their music to a massive group.

As Spin reported, “Forget “Give it away give it away give it away now,” the Red Hot Chili Peppers have sold the rights to their song catalog — which includes the hits “Scar Tissue,” “Under the Bridge” and “Californication” — to Hipgnosis Songs Fund. Over the past year, the fund has also purchased stacks in the catalogs of artists like Tom DeLonge, Neil Young, Lindsey Buckingham, LA Reid among many, many more.”

It is interesting to see that a number of artists are beginning to do this, as it has clearly become more viable to do one huge sale of music as opposed to a little bit at a time. One has to wonder how this will impact the artists of today who are making their way to the top like the artists that preceded them.

The Chili Peppers did have a number of other individuals come into the fold throughout the years, and those that recorded albums with the group are slated to get a piece of the pie, as well. This includes names like Dave Navarro, who also made bank while playing guitar for Jane’s Addiction.

Now that they are $140 million richer, we imagine that the Red Hot Chili Peppers are going to be playing with a serious amount of fire when they unleash the highly-anticipated global tour next year.

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