Red Hot Chili Peppers Sell Catalog to Hipgnosis

The Red Hot Chili Peppers are selling their catalog to Merck Mercuriadis' Hipgnosis Songs Fund for around $140 million

Merck Mercuriadis, Red Hot Chili Peppers

5/4/2021 4:47:00 AM

The Red Hot Chili Peppers are selling their catalog to Merck Mercuriadis ' Hipgnosis Songs Fund for around $140 million

The $140 million sale marks the latest sale from a major legacy artist to a music investment fund — and one of the biggest purchases for Merck Mercuriadis to date

A representative for Hipgnosis declined to comment, while the Chili Peppers’ attorney Eric Greenspan — managing partner of Myman, Greenspan, Fox, Rosenberg, Mobasser, Younger & Light, LLP — didn’t immediately respond to a request for comment.Since 2018, Mercuriadis and Hipgnosis have been on a buying spree, collecting publishing rights for hit songs from some of the music industry’s most prolific songwriters, producers and artists, including Richie Sambora, Neil Young, Lindsey Buckingham and Jimmy Iovine. Sellers take an immediate payout rather than rolling the dice on their future earnings from their songs, while buyers take on the risk hoping to bolster earnings by getting tracks in TV, movie video game and advertising opportunities.

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Seems like a low ball figure in comparison to some other artists. Still tho how much is actually enough in terms of happiness? TheCarmenCruz Offspring sold their catalog too a little while back. I guess this is the only way established bands will get big money these days aside from touring. Good on em, cashing in while the getting is good! If people wont buy physical copies then this is the best way to make money

Good move you only have like three good songs For how deep their catalog goes, $140 million seems way too low a number. Low ball figure. These boys are golden. They kinda sucks now… Guitar musics its for old peoples Stupid and sad, this trend of selling catalog. I didn't like it when Bowie did it, but thought it was good he cheated AIG out of 50M. However, he also cheated his children and family out of his legacy. All those who have followed this path are ones I have not cared about.

How much longer is bands/singers selling their catalogs going to be news, and not just normal business? Seems very low. Bob Dylan got $500mm and they only get $140?! Shame on their management!

That's actually a crazy high amount for their catalog. Basically paying for 3 albums. Blood sugar, californication, and stadium arcadium. With a few songs off one hot minute and mother's milk. Rest are pretty much worthless That is low balling mang. That’s nice. whocares That’s way too cheap. I've watched enough behind the music to know that this is a bad idea.

can someone explain this to me World’s richest sexual predators Mmm me parece poco That'll buy a whole lotta socks Fuck it, music is dead anyways.

Since Bob Dylan sold out his publishing rights too for Big Money, here's juicy line from a 1965 Bob Dylan song (he no longer owns): '...money doesn't talk, it swears.' No way!?! 🤐😬🤨😵 i guess their status as punks just got cancelled 🤦🏻‍♂️ Ya seems low. They need a better negotiator. Too low but good on the freaky boys

Sorry I'm not disturbing you like this😜 watch my video please 🙏🏽 share my video to your friends cheese 🧀 Hii I'm independent artist KIRAN SHINE ALMINE Wow wow Now this song is about dance 🍳 watch this video in YouTube 🤝🏼 support me friends what are you waiting for ☮ The definition of selling out

Only $140 mil That’s a bargain This amount seems low

I have been waiting for red hot chill pepper ever since 2017. Playbacks as well

#FreeBritney: Understanding the Fan-led Britney Spears Movement A representative for Hipgnosis declined to comment, while the Chili Peppers’ attorney Eric Greenspan — managing partner of Myman, Greenspan, Fox, Rosenberg, Mobasser, Younger & Light, LLP — didn’t immediately respond to a request for comment. Since 2018, Mercuriadis and Hipgnosis have been on a buying spree, collecting publishing rights for hit songs from some of the music industry’s most prolific songwriters, producers and artists, including Richie Sambora, Neil Young, Lindsey Buckingham and Jimmy Iovine. Sellers take an immediate payout rather than rolling the dice on their future earnings from their songs, while buyers take on the risk hoping to bolster earnings by getting tracks in TV, movie video game and advertising opportunities. Through Hipgnosis’ deals, in which the company offers very lucrative buyouts to rights-holders, Mercuriadis helped usher in the current song acquisition boom that’s led to