Industry May 9, 2026
Red Hot Chili Peppers Sells Recorded Music Catalog to WMG for Over $300 Million
The company purchased the catalog through a $1.2 billion joint venture with Bain Capital.
Originally published by
Billboard
The Red Hot Chili Peppers have sold their recorded music catalog to Warner Music Group for a reported sum exceeding $300 million. This acquisition was facilitated through a significant joint venture between WMG and Bain Capital, which has a total value of $1.2 billion. The deal signifies a major financial transaction for the legendary band. Originally reported by Billboard.