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Red Hot Chili Peppers ink $300M deal with Warner Music to sell catalog

hollywoodreporter.com

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Re: Red Hot Chili Peppers ink $300M deal with Warner Music to sell catalog

#81

Post by walrus01 »

reactordev wrote: post #75
ryandrake wrote: post #73

As someone not in the industry, what exactly does it mean? The band no longer can perform the music? They no longer get royalties? They no longer can profit at all from the music? They no longer have control over where/how it's sold? Or, something else? What exactly is Warner/Bain buying?

All of the above. They are probably required to still perform the songs on behalf of Warner Music but that's it. They are free to write more music... Old music is no longer theirs though.

If they've sold the name, they may not be able to perform new music as the RHCP either. New musical projects would possibly need an entirely unrelated name of a music group.

Re: Red Hot Chili Peppers ink $300M deal with Warner Music to sell catalog

#82

Post by noitpmeder »

hnburnsy wrote: post #72
vondur wrote: post #53

Wow, I just a saw a YouTube video of Flea's house for sale in the LA suburb of La Crescenta for sale. Super nice house. Strangely I also saw Steve Vai's house for sale in LA at the same time. Also super nice house.

Maybe trying to escape the wealth tax?

Not sure any of the band members are over 1b individually which is the current threshold. Maybe, though.

Re: Red Hot Chili Peppers ink $300M deal with Warner Music to sell catalog

#83

Post by telotortium »

walrus01 wrote: post #81
reactordev wrote: post #75

Earlier quoted context omitted.

All of the above. They are probably required to still perform the songs on behalf of Warner Music but that's it. They are free to write more music... Old music is no longer theirs though.

If they've sold the name, they may not be able to perform new music as the RHCP either. New musical projects would possibly need an entirely unrelated name of a music group.

They just sold the rights to the recordings though, as the article states.

Re: Red Hot Chili Peppers ink $300M deal with Warner Music to sell catalog

#84

Post by walrus01 »

sparkling wrote: post #48
mxfh wrote: post #7

This is one of the reasons we can't have proper soundtracks in video games or non AAA TV shows anymore or re-releases of old TV-shows anymore. I just feel bad for all the pension fonds backing this Bain Capital PE joint venture who will have an off chance of making back their investments with the current state of IP and AI trends.

In a world full of endless AI slop, wouldn't original recordings become more valuable over time?

Based on the era when RHCP was the most popular, I would guess that PE people buying the RHCP catalog plan to license it to advertisers for just about everything as Gen-X people age into the 60+ demographic and retirement. You can expect to see RHCP music in adult diaper and "help I've fallen and I can't get up" commercials in the future.

Re: Red Hot Chili Peppers ink $300M deal with Warner Music to sell catalog

#85

Post by mikestorrent »

tptacek wrote: post #77
mxfh wrote: post #7

This is one of the reasons we can't have proper soundtracks in video games or non AAA TV shows anymore or re-releases of old TV-shows anymore. I just feel bad for all the pension fonds backing this Bain Capital PE joint venture who will have an off chance of making back their investments with the current state of IP and AI trends.

A valid concern generally, but if you're concerned about soundtrack quality, RHCP has done the world a favor by locking it up inside Warner.

Golf clap

Re: Red Hot Chili Peppers ink $300M deal with Warner Music to sell catalog

#86

Post by pcurve »

stephenhuey wrote: post #40
hmokiguess wrote: post #9

Give it away, give it away, give it away now Give it away, give it away, give it away now Give it away, give it away, give it away now I can't tell, if I'm a king pin or a pauper

Under the Bridge is still my favorite... Sometimes I feel like I don't have a partner Sometimes I feel like my only friend Is the city I live in, The City of Angels Lonely as I am, together we cry

The music video is great too... the slow build up of the song towards the 3:10 minute mark, with him running towards you. Love it. So thankful I was old enough to be around to watch it on MTV.

Re: Red Hot Chili Peppers ink $300M deal with Warner Music to sell catalog

#87

Post by nilamo »

liveoneggs wrote: post #10

Every credit card rewards program will "give it away now" from now on

> By the way,

> I tried to say

> CRAZY BIG BOB IS HAVING ANOTHER CRAZY SALE THIS MEMORIAL DAY WEEKEND!!!

> so don't wait for Dani, come on down and say "I love you" to a pre-owned Nissan!

Re: Red Hot Chili Peppers ink $300M deal with Warner Music to sell catalog

#88

Post by HDBaseT »

Hopefully someone can remaster/re-release their albums with less awful mastering from the master recordings.

Most copies, including the copies on Streaming Services for Califonication are genuinely unlistenable. [0].

[0] - https://web.archive.org/web/20221117074108/https://dr.loudne... [1] - https://web.archive.org/web/20221117074109/https://dr.loudne... [2] - https://web.archive.org/web/20221117074108/https://dr.loudne...

Re: Red Hot Chili Peppers ink $300M deal with Warner Music to sell catalog

#89

Post by asdfasgasdgasdg »

amarant wrote: post #32
sho_hn wrote: post #18

Earlier quoted context omitted.

Same, or worse. Having lived in Europe and Korea I can tell you numerous Queen songs have instant recognizability the world over, but I would say RHCP are a household name mostly in the US, except maybe some older people recognizing Californication as a distinctly 90s happening.

In Europe it's cheating. Queen is from Europe. But yeah, Californication is pretty much my only rhcp reference. Also: what do you mean "older people"? I ain't that old yet! Shakes fist at cloud

Oh man, I don't even like Californication. Give me Otherside every day.

Re: Red Hot Chili Peppers ink $300M deal with Warner Music to sell catalog

#90

Post by telotortium »

noitpmeder wrote: post #82
hnburnsy wrote: post #72

Earlier quoted context omitted.

Maybe trying to escape the wealth tax?

Not sure any of the band members are over 1b individually which is the current threshold. Maybe, though.

There have been arguments that the wealth tax proposal has loopholes that would allow it to be extended to much lower levels of wealth without a further amendment. More importantly, if that’s the way the state’s politics are trending, it might be worth it to leave and come back if the threat goes away.

Who knows, maybe one of the band members invested in a successful startup, or is an LP for a VC that did. That’s not unheard of for the entertainment industry. Most people wouldn’t have pegged Ashton Kutcher as an investing genius, but he has been highly successful.

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