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Sources: in a deal worth $300M+, the Red Hot Chili Peppers sold the rights to their recorded catalog to Warner Music, which worked with Bain to fund the deal (Ethan Millman/The Hollywood Reporter)

Mediagazer · last updated

Ethan Millman / The Hollywood Reporter:
Sources: in a deal worth $300M+, the Red Hot Chili Peppers sold the rights to their recorded catalog to Warner Music, which worked with Bain to fund the deal  —  The deal makes up about half of the $650 million WMG reported that they spent through a joint venture catalog acquisition with Bain Capital.

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