Red Hot Chili Peppers have done a deal with Warner Music Group to sell their recorded music catalogue for more than $300 million.
Having sold their publishing rights to the Hipgnosis Songs Fund for around $140 million in 2021, the Los Angeles quartet - vocalist Anthony Kiedis, guitarist John Frusciante, bassist Flea and drummer Chad Smith - struck a deal worth more than twice that sum for their catalogue, which includes 13 studio albums, nine of which, from 1991's Blood Sugar Sex Magik onwards, were released via Warners.
