Sometimes I feel like I don't have a partner
Sometimes I feel like my only friend
Is the city I live in, The City of Angels
Lonely as I am, together we cry
It always makes me a bit sad that everyone knows RHCP but less so their early stuff. Blood sugar sex magik is a funk masterpiece. Didn’t help that for years Spotify used the singles versions of the tracks so the levels were all over the place and it was basically unstreamable.
I loved all the early stuff. Freaky Styley, Mothers Milk, The Uplift Mofo party plan. With Rick Rubin at the controls I just think Blood Sugar Sex Magik took their sound to another level.
This is one of the reasons we can't have proper soundtracks in video games or non AAA TV shows anymore or re-releases of old TV-shows anymore.
I just feel bad for all the pension fonds backing this Bain Capital PE joint venture who will have an off chance of making back their investments with the current state of IP and AI trends.
Re: the "low price", they'd already sold their publishing right in 2021 for $140MM, so this is the master rights they sold for 300. By comparison, Springsteen sold both his together to Sony in 2021 for $500MM.
I don't think they're just selling the mastering rights here, it's the rights for the recordings that are being played that is being sold here.
> The new deal with Warner Music Group hands over the rights to the official recordings, meaning the label will profit from any further streaming, radio play or album sales.
Edit: I'm stupid, you mean "master rights", which is correct, they're getting the rights of the masters. Your typo made me think of the act of mastering music, not the "masters".
I'm surprised the number is this low! Queen sold their catalogue for $1.27bn and while RHCP are clearly not on their scale I thought they were pretty high up there, especially given how long they've been active.
Same, or worse. Having lived in Europe and Korea I can tell you numerous Queen songs have instant recognizability the world over, but I would say RHCP are a household name mostly in the US, except maybe some older people recognizing Californication as a distinctly 90s happening.
Queen is from one country in Europe, there are many countries in Europe. Anyway following your argument - who do you think is more recognized in Mexico: Queen or RHCP?
In terms of artistic quality, perhaps. In terms of expected future royalties, I think Queen would be an order of magnitude more valuable than most artists.
Beyond a certain amount, the actual number becomes meaningless especially for people who already have dynastic wealth not even counting this. It's just what they happened to negotiate.
and as mentioned elsewhere, RHCP is still young enough to crank out a few more albums and tour. Bruce Springsteen kept cranking until his 80s and sold the catalog for $500M
I assume the band is basically tapped out and ready to rest on laurels
It was also a different market in 2024. Much more fluid private credit industry, deal volume was much higher[1] and under very different interest rate regime[2], also generated music was just getting somewhat decent and the risk probably wasn't being factored in to long term value yet.
[1] The Queen deal came at end of series of high profile catalog acquisitions all 500M+ buys - Springsteen, Jackson(half), Bob Dylan.
[2] Interest rate while high was trending down and widely expected to even reach to pre-pandemic levels in few quarters.
The value of guaranteed real stuff, with known provenance, still remains in the world of mass production; a "real Luis Vuitton bag" is still worth more than a very good copy, or a very good bag from an unknown designer.
But most of the market, is, of course, lower end. Probably "good enough" machine-produced music is going to dominate casual playlists, but some bands still will have large followings, and live show still be valuable.
Good for them. I have a memory of first seeing them in their video True Men Don't Kill Coyotes† around 1984? and thinking "wow these guys are terrible". In hindsight, they were very 90s and pretty ahead of their time.
With the trend of things, this seems like good timing for the RHCP estates with a not so unlikely collapse of licensing revenue happening in the near future.
I wonder if you tend to see more artists selling their back catalogues at times like this when some technological disruption is casting doubt on their ability to continue to generate income from them. David Bowie was famously one of the first artists to securitise music royalties, in 1997, basically at the dawn of the digital copying era.
PSA: this article is re-reporting the original story at:
> Rumours of the Chilis selling their catalogue first arose last year, with sources telling Billboard that the rockers were allegedly seeking around $350 million. Now, The Hollywood Reporter reports[1] that the band has finally made a deal with Warner Music Group, with the label paying over $300 million for all of the band’s master recordings.
Give it away, give it away, give it away now
Give it away, give it away, give it away now
Give it away, give it away, give it away now
I can't tell, if I'm a king pin or a pauper
Under the Bridge is still my favorite...
Sometimes I feel like I don't have a partner Sometimes I feel like my only friend Is the city I live in, The City of Angels Lonely as I am, together we cry
That does seem like less than I would expect!
It always makes me a bit sad that everyone knows RHCP but less so their early stuff. Blood sugar sex magik is a funk masterpiece. Didn’t help that for years Spotify used the singles versions of the tracks so the levels were all over the place and it was basically unstreamable.
Freaky Styley is their funk masterpiece. haha
Fair. It did have George Clinton at the helm.
I loved all the early stuff. Freaky Styley, Mothers Milk, The Uplift Mofo party plan. With Rick Rubin at the controls I just think Blood Sugar Sex Magik took their sound to another level.
This is one of the reasons we can't have proper soundtracks in video games or non AAA TV shows anymore or re-releases of old TV-shows anymore.
I just feel bad for all the pension fonds backing this Bain Capital PE joint venture who will have an off chance of making back their investments with the current state of IP and AI trends.
Re: the "low price", they'd already sold their publishing right in 2021 for $140MM, so this is the master rights they sold for 300. By comparison, Springsteen sold both his together to Sony in 2021 for $500MM.
I don't think they're just selling the mastering rights here, it's the rights for the recordings that are being played that is being sold here.
> The new deal with Warner Music Group hands over the rights to the official recordings, meaning the label will profit from any further streaming, radio play or album sales.
Edit: I'm stupid, you mean "master rights", which is correct, they're getting the rights of the masters. Your typo made me think of the act of mastering music, not the "masters".
Fixed - thanks!
I'm surprised the number is this low! Queen sold their catalogue for $1.27bn and while RHCP are clearly not on their scale I thought they were pretty high up there, especially given how long they've been active.
All subjective and all that. But I feel like 300M vs. 1.27B is exactly where I would have personally pinned their ratio difference.
To roughly frame it: if we made another golden record, I wouldn’t be surprised if it had 4 Queen songs and 1 RHCP song.
Same, or worse. Having lived in Europe and Korea I can tell you numerous Queen songs have instant recognizability the world over, but I would say RHCP are a household name mostly in the US, except maybe some older people recognizing Californication as a distinctly 90s happening.
In Europe it's cheating. Queen is from Europe.
But yeah, Californication is pretty much my only rhcp reference.
Also: what do you mean "older people"? I ain't that old yet! Shakes fist at cloud
>In Europe it's cheating. Queen is from Europe.
Queen is from one country in Europe, there are many countries in Europe. Anyway following your argument - who do you think is more recognized in Mexico: Queen or RHCP?
Californication was 2000. I think a single came out in the summer of 1999 off that album though.
In terms of artistic quality, perhaps. In terms of expected future royalties, I think Queen would be an order of magnitude more valuable than most artists.
So its all good since it sold for an order of magnitude more
Beyond a certain amount, the actual number becomes meaningless especially for people who already have dynastic wealth not even counting this. It's just what they happened to negotiate.
It's quite a retirement package.
yeah also surprised.
and as mentioned elsewhere, RHCP is still young enough to crank out a few more albums and tour. Bruce Springsteen kept cranking until his 80s and sold the catalog for $500M
I assume the band is basically tapped out and ready to rest on laurels
It was also a different market in 2024. Much more fluid private credit industry, deal volume was much higher[1] and under very different interest rate regime[2], also generated music was just getting somewhat decent and the risk probably wasn't being factored in to long term value yet.
[1] The Queen deal came at end of series of high profile catalog acquisitions all 500M+ buys - Springsteen, Jackson(half), Bob Dylan.
[2] Interest rate while high was trending down and widely expected to even reach to pre-pandemic levels in few quarters.
Sting reportedly got $300 mil back in 2022
$300 million, all songs about California
Please no more California songs.
Relatively small amount compared to the billions we see thrown around for AI startups a couple of years old.
True, but don't be fooled by imaginary "valuations" in the billions. RHCP is definitely getting paid real money.
Every credit card rewards program will "give it away now" from now on
Hard to tell what the value of music will be in 5 years
Digital music? Probably non-existent. Live music played by actual musicians? Just as much.
The value of guaranteed real stuff, with known provenance, still remains in the world of mass production; a "real Luis Vuitton bag" is still worth more than a very good copy, or a very good bag from an unknown designer.
But most of the market, is, of course, lower end. Probably "good enough" machine-produced music is going to dominate casual playlists, but some bands still will have large followings, and live show still be valuable.
"Luis" Vuitton is the knockoff brand, but point taken.
Music and streaming is severely under attack from an effort/commercial viability perspective given tools like Suno[1]
Not exactly saying this is the reason for their sell, but I'd imagine a lot of professional musicians are feeling the desire to exit the industry.
[1] https://www.npr.org/2026/05/02/nx-s1-5804489/music-listeners...
Can't wait for the RHCP biopic in 2028!
It'll be a Broadway play first to test it out.
With James Corden as Flea.
Good for them. I have a memory of first seeing them in their video True Men Don't Kill Coyotes† around 1984? and thinking "wow these guys are terrible". In hindsight, they were very 90s and pretty ahead of their time.
† https://www.youtube.com/watch?v=LC3j1pNXhSU
That honestly sounds like a good deal for the buyer at first blush but can’t say I’m an expert here
With the trend of things, this seems like good timing for the RHCP estates with a not so unlikely collapse of licensing revenue happening in the near future.
I wonder if you tend to see more artists selling their back catalogues at times like this when some technological disruption is casting doubt on their ability to continue to generate income from them. David Bowie was famously one of the first artists to securitise music royalties, in 1997, basically at the dawn of the digital copying era.
Why would licensing revenue for hit songs collapse?
This is as close as you get to a win win in life.
PSA: this article is re-reporting the original story at:
> Rumours of the Chilis selling their catalogue first arose last year, with sources telling Billboard that the rockers were allegedly seeking around $350 million. Now, The Hollywood Reporter reports[1] that the band has finally made a deal with Warner Music Group, with the label paying over $300 million for all of the band’s master recordings.
[1] https://www.hollywoodreporter.com/music/music-industry-news/...
Thanks, we updated the linkl.
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