Red hot chili peppers
That’s how much money they get for their song rights
After stars like Shakira, Bob Dylan and Neil Young, the Red Hot Chili Peppers have now also sold the rights to their songs.
Another band is monetizing their song rights: like the industry magazines “Billboard” and “Variety“report, the Red Hot Chili Peppers sell their entire music catalog, including hits like” Under The Bridge “and” Californication “. For at least 140 million dollars, the equivalent of around 116 million euros, the rights go to the Hipgnosis Songs Fund The band is not alone.
Hipgnosis has invested over $ 1 billion in music rights since 2018. Shakira (44), Neil Young (75) and Lindsey Buckingham (71) from Fleetwood Mac have already sold their song rights to the British investment company. Universal is also participating in the song bidding: Bob Dylan (79) is said to have received 300 million US dollars from the Universal Music Publishing Group for his catalog.