INDIO, CA – APRIL 14: Musicians Flea and Anthony Kiedis of Red Hot Chili Peppers perform onstage during day 3 of the 2013 Coachella Valley Music & Arts Festival at the Empire Polo Club on April 14, 2013 in Indio, California. (Photo by Christopher Polk/Getty Images for Coachella).
Red Hot Chili Peppers are hopping on the “Sell Your Catalogue” train. The Chili Peppers have just sold a large chunk of their catalog to publishing company Hipgnosis for $150 million. Songs included in this sale are “Give it Away,” “Californication,” and “Snow (Hey Oh).” Meanwhile, Red Hot Chili Peppers are reportedly working on a new album, a follow-up to 2016’s The Getaway.
Do you think selling their publishing rights is a good move for the Red Hot Chili Peppers?