Purple Scorching Chili Peppers reportedly promoting catalogue for $350million

Purple Scorching Chili Peppers are reportedly seeking to promote their recorded music catalogue for US$350million – discover out extra under.

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In keeping with a Billboard report, the Californian band’s recorded masters catalogue is up on the market, and the band are looking for to get at the least $350million within the deal. Billboard additionally estimates that {the catalogue} at present brings in round $26million a 12 months for the band.

At the moment, Purple Scorching Chili Peppers personal the masters and rights to the entire 13 studio albums and different releases which were issued by means of Warner Music. It's at present unknown whether or not or not in addition they personal the masters for the primary 4 albums, which had been launched by means of EMI.

Billboard additionally stories that Purple Scorching Chili Peppers could have already locked in a take care of Warner for the masters catalogue, per sources, although this has but to be confirmed.

The $350million deal, ought to it fetch as a lot as they’re asking for, shall be along with the $140million that Hipgnosis paid the band in 2021 for his or her publishing rights and songwriting catalogue. Ought to the brand new deal undergo, it’ll amass the Californian funk-rockers practically $500million.

Purple Scorching Chili Peppers will quickly be the most recent act to promote their catalogue, following the likes of Pink Floyd, Queen, Kiss and Tame Impala. Pink Floyd offered their catalogue to Sony in October for $400million, whereas Tame Impala’s Kevin Parker has offered all previous and future catalogue to Sony for an undisclosed sum.

Equally, Kiss have offered their whole catalogue, model title, likeness and IP to Swedish leisure and music funding agency Pophouse for an undisclosed quantity. Thus far, the costliest catalogue in music historical past belongs to Queen, who offered to Sony final June for a whopping USD$1.27billion – marking the largest acquisition of its nature ever.

Purple Scorching Chili Peppers have but to share their plans for 2025 however most not too long ago carried out on the FireAid profit live performance in Los Angeles late final month to boost funds for the town following the devastating wildfires that swept a number of neighbourhoods earlier within the 12 months.