The Red Hot Chili Peppers are reportedly seeking to sell their recorded music catalog for approximately $350 million, with negotiations currently underway.

Photo Credit: Red Hot Chili Peppers by Raph PH / CC by 2.0

The potential deal includes rights to iconic hits like "Californication," "Under the Bridge," "Snow (Hey Oh)," "Otherside," "Give It Away," and "Can't Stop." The band owns rights to their 13 studio albums through Warner Music Group (WMG), though ownership of their first four EMI-released albums remains unclear.

Their extensive catalog comprises:

• 13 studio albums (1984-2022)
• 2 live albums
• 12 compilation albums

Eric Greenspan, who previously handled the band's $140-150 million publishing rights sale to Hipgnosis in 2021, is leading the negotiations. Industry experts suggest the final sale price may land between $325-340 million, bringing the total value of their complete musical assets to approximately $500 million.

The catalog generates an estimated $26 million in revenue before expenses, with a net label share of around $20 million. Billboard reports that different potential buyers may be offered varying sets of recorded assets.

This sale represents one of the largest music catalog acquisitions in recent history, reflecting the enduring value of the band's four-decade musical legacy.

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