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That does seem like less than I would expect! It always makes me a bit sad that everyone knows RHCP but less so their early stuff. Blood sugar sex magik is a funk masterpiece. Didn’t help that for years Spotify used the singles versions of the tracks so the levels were all over the place and it was basically unstreamable.
I'm surprised the number is this low! Queen sold their catalogue for $1.27bn and while RHCP are clearly not on their scale I thought they were pretty high up there, especially given how long they've been active.
Re: the "low price", they'd already sold their publishing right in 2021 for $140MM, so this is the master rights they sold for 300. By comparison, Springsteen sold both his together to Sony in 2021 for $500MM.
> The new deal with Warner Music Group hands over the rights to the official recordings, meaning the label will profit from any further streaming, radio play or album sales.
Edit: I'm stupid, you mean "master rights", which is correct, they're getting the rights of the masters. Your typo made me think of the act of mastering music, not the "masters".
Earlier quoted context omitted.
All subjective and all that. But I feel like 300M vs. 1.27B is exactly where I would have personally pinned their ratio difference. To roughly frame it: if we made another golden record, I wouldn’t be surprised if it had 4 Queen songs and 1 RHCP song.
In terms of artistic quality, perhaps. In terms of expected future royalties, I think Queen would be an order of magnitude more valuable than most artists.
PSA: this article is re-reporting the original story at: > Rumours of the Chilis selling their catalogue first arose last year, with sources telling Billboard that the rockers were allegedly seeking around $350 million. Now, The Hollywood Reporter reports[1] that the band has finally made a deal with Warner Music Group, with the label paying over $300 million for all of the band’s master recordings. [1] https://www.h…
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I'm surprised the number is this low! Queen sold their catalogue for $1.27bn and while RHCP are clearly not on their scale I thought they were pretty high up there, especially given how long they've been active.
[1] The Queen deal came at end of series of high profile catalog acquisitions all 500M+ buys - Springsteen, Jackson(half), Bob Dylan.
[2] Interest rate while high was trending down and widely expected to even reach to pre-pandemic levels in few quarters.
That honestly sounds like a good deal for the buyer at first blush but can’t say I’m an expert here
That honestly sounds like a good deal for the buyer at first blush but can’t say I’m an expert here
With the trend of things, this seems like good timing for the RHCP estates with a not so unlikely collapse of licensing revenue happening in the near future.
Hard to tell what the value of music will be in 5 years
But most of the market, is, of course, lower end. Probably "good enough" machine-produced music is going to dominate casual playlists, but some bands still will have large followings, and live show still be valuable.
That does seem like less than I would expect! It always makes me a bit sad that everyone knows RHCP but less so their early stuff. Blood sugar sex magik is a funk masterpiece. Didn’t help that for years Spotify used the singles versions of the tracks so the levels were all over the place and it was basically unstreamable.
Freaky Styley is their funk masterpiece. haha
I loved all the early stuff. Freaky Styley, Mothers Milk, The Uplift Mofo party plan. With Rick Rubin at the controls I just think Blood Sugar Sex Magik took their sound to another level.