Rock and roll is a genre that may not be what it once was, but it still had a profound impact on the music industry. Without rock, we wouldn’t have such artists as we are today. Everything from The Beatles to Metallica and earlier hip-hop collaborations was made out of rock.
The Red Hot Chili Peppers are legends themselves and remain one of the most popular bands in the world. Not long ago, the group managed to strike a fiery deal that earned them $ 140 million.
Let’s take a look at the group and find out about this big deal.
Chili peppers – game legends
The Red Hot Chili Peppers, one of the most successful bands in rock and roll history, is a leading group that has been at the top of the music industry since the early 1990s.
Together with Anthony Kiedis, Flea, Chad Smith and John Frusciante, the group wrote some of the biggest hits of different eras and they released several albums that are now considered classics. Thanks to this, the group was able to sell about 80 million albums worldwide, making them an absolute power that millions of people continue to adore.
While a group so successful could easily call it a day, the Red Hot Chili Peppers remain one of the most exciting bands in rock music. It just so happens that the group is gearing up for a massive comeback next year.
The band is gearing up for a huge comeback
In one of the biggest news stories in the world of rock music in recent years, the Red Hot Chili Peppers stole headlines when they announced that guitarist John Frusciante would be returning to the band.
For strangers, Frusciante has had a hand in the band’s biggest recordings, and his guitar playing has been featured on their most popular albums. So Frusciante’s return to the group means that the typical lineup of the Red Hot Chili Peppers is back together and they are gearing up to release new music and embark on a global tour in 2022.
Drummer Chad Smith spoke about new record and got into the rhythm with Frusciante again, saying: “We were going to play some festivals, which were obviously postponed. So we could just sail over and write, which we did. It was kind of a blessing because we want to come. release new music and play some new songs. It will be great when we finally get out on the street next year and play the record, and of course, much more. “
This is terrific news for the fans, but for the band it has hardly been the biggest news in years. Their biggest news gives them 140 million reasons to worry.
The group sold their music for a whopping $ 140 million.
So how did some seasoned Los Angeles funk rockers even get a $ 140 million deal? Well, with access to one of the most impressive catalogs, the band was able to sell their music to a large group.
As Rotation reported “Forget, Give, Give, Give Now,” the Red Hot Chili Peppers sold the rights to their song catalog, which includes the hits “Scar Tissue,” “Under the Bridge,” and “Californication,” to the Hipgnosis Songs Fund. Over the past year, the foundation has also acquired catalogs from catalogs of artists such as Tom DeLong, Neil Young, Lindsay Buckingham, Los Angeles Reed and many more. “
It is interesting to see some artists starting to do this as it has become clear that it is more profitable to do one huge sale of music rather than a little at a time. It is worth asking how this will affect today’s artists who are moving to the top, just like the artists who preceded them.
Other people have come to the Chili Peppers over the years, and those who have recorded albums with the band should have their piece of the pie as well. This includes names like Dave Navarro, who also made money playing guitar in Jane’s Addiction.
Now that they’re $ 140 million richer, we’re envisioning the Red Hot Chili Peppers playing with a lot of fire as they kick off their highly anticipated world tour next year.
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The best musician is currently worth $ 150 million.
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