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Red Hot Chili Peppers Sell Catalog to Hipgnosis – Rolling Stone

The $140 million sale marks the latest sale from a major legacy artist to a music investment fund — and one of the biggest purchases for Merck Mercuriadis to date…

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The Red Hot Chili Peppers are selling their publishing rights to Merck Mercuriadis’s Hipgnosis Songs Fund for around $140 million, a source close to the situation tells Rolling Stone. The transaction marks the latest catalog sale from a major legacy artist and one of the highest profile acquisitions to date for Mercuriadis.
The deal was first reported by Billboard on Monday evening and confirmed by Rolling Stone. 
The Chili Peppers have one of the best-selling catalogs in music with hits including…

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