Red Hot Chili Peppers selling song catalog to Hipgnosis for upwards of $140 ...

Red Hot Chili Peppers selling song catalog to Hipgnosis for upwards of $140 million as band works on new music

By Rachel Mcgrath For Dailymail.com

Published: 06:43 BST, 4 May 2021 | Updated: 06:43 BST, 4 May 2021

View
comments

Their hits include Under The Bridge, Knock Me Down, Give It Away and Dani California.

And now the Red Hot Chili Peppers are cashing in on their almost four decade-long career by selling their song catalog. 

Insurance Loans Mortgage Attorney Credit Lawyer

The rock group has agreed a deal with Hipgnosis Songs for upwards of $140 million, Variety reported Monday.

In the money: The Red Hot Chili Peppers, pictured in 2000, are cashing in on their almost four decade-long career by selling their catalog to Hipgnosis for upwards of $140 million, Variety reported Monday

In the money: The Red Hot Chili Peppers, pictured in 2000, are cashing in on their almost four decade-long career by selling their catalog to Hipgnosis for upwards of $140 million, Variety reported Monday

The main beneficiaries will be singer Anthony Kiedis, bassist Flea, drummer Chad Smith and guitarist John Frusciante who wrote most of the group's songs.

It's been five years since Red Hot Chili Peppers last released an album but drummer Chad Smith teased that the band has some new music coming down the pipeline.

During an interview with New York's Q104.3, Smith shared: 'I can say this — we're making a record, we're making new music and it's very exciting.

'I don't know when it's coming out, but we can't wait for people to hear it and we can't wait to perform for people, just like everybody else that really misses that experience." 

Creative: The main beneficiaries will be singer Anthony Kiedis, bassist Flea, guitarist John Frusciante (pictured in 1999) and drummer Chad Smith who wrote most of the band's songs

Creative: The main beneficiaries will be singer Anthony Kiedis, bassist Flea, guitarist

read more from dailymail.....

PREV Teresa Palmer glows while showing off her growing baby bump
NEXT Millie Mackintosh goes topless in pregnant snap taken days before she welcomed ...