; at the time of this article’s publication, it was unclear whether the deal had fully closed.
The Chili Peppers’ catalog was largely written by the band’s key members since 1989 —singer Anthony Kiedis, bassist Flea, drummer Chad Smith and guitarist John Frusciante, who recently returned for his third stint with the group. As reported by Billboard, the catalog is administered by Moebetoblame Music, under the guidance of lawyer Eric Greenspan, managing partner of the law firm Myman, Greenspan, Fox, Rosenberg Mobasser, Younger & Light LLP.
Change is in the air for the group, which left Q Prime, its managers for more than 20 years, last fall, and recentlyHipgnosis, of course, has been on a catalog-acquisition binge that is unparalleled in music industry history and has driven up the price of song catalogs exponentially. In just two weeks early this year it acquired half of Neil Young’s catalog, as well as those of Fleetwood Mac veteran Lindsey Buckingham, producer/executive Jimmy Iovine amd Shakira.
Breaking! RHCP get absolutely lowballed 😏
Art for art’s sake. Money for God’s sake! Who’s surprised? Those lifestyles, once addicted to them, are expensive. They have kids, kids need to go to school, issue needs, ex wives, so eventually they bank on their, erm, art. Next will be biographies and docuseries. It’s all good.
Give it away give it away give it away now for $140 million Give it away give it away give it away now for $140 million Give it away give it away give it away now for $140 million
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