JAKARTA - Red Hot Chili Peppers are the latest musicians to sell their music catalog to Hipgnosis.
According to a Billboard report, the catalog includes several of their hits such as Californication, Can't Stop and Give It Away.
Although he did not mention a specific figure, Billboard said this agreement reached 140 million US dollars or Rp. 2 billion.
This music catalog consists of songs written mostly by Anthony Kiedis, Flea, Chad Smith, and John Frusciante.
Hipgnosis is a company that manages intellectual property. Some of the musicians who do this include The Beach Boys, Blondie, Stevie Nicks, and many others.
Last November, Hipgnosis acquired 42 music catalogs with 33 thousand songs from Kobalt Music Copyright.
Meanwhile, the Red Hot Chili Peppers are working on an album after releasing The Getaway in 2016. This time, Frusciante has returned to join after leaving.
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