NEWS: WARNER MUSIC GROUP FINALIZING PURCHASE OF RED HOT CHILI PEPPERS’ CATALOG FOR OVER $300 MILLION Warner Music Group is close to securing a deal worth more than $300 million to acquire the Red Hot Chili Peppers’ song catalog, bringing the band back to the label that has released their music since Blood Sugar Sex Magik in 1991. Despite receiving higher bids, including one reportedly reaching $375 million, the group, guided by longtime manager Guy Oseary and attorney Eric Greenspan, chose to negotiate exclusively with Warner. The agreement stands as one of the largest catalog transactions in the ongoing boom of music-rights acquisitions. Source: Boardroom
NEWS: WARNER MUSIC GROUP FINALIZING PURCHASE OF RED HOT CHILI PEPPERS’ CATALOG FOR OVER $300…
