Music and streaming is severely under attack from an effort/commercial viability perspective given tools like Suno[1] Not exactly saying this is the reason for their sell, but I'd imagine a lot of professional musicians are feeling the desire to exit the industry. [1] https://www.npr.org/2026/05/02/nx-s1-5804489/music-listeners...
Whilst I feel all creative passions should be appropriately rewarded, I would say musicians are the best rewarded out of all the ones that can be done in your bedroom. Authors and artists earn far less but still do it. Surely at the end of the day you play music whether you get paid or not.
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.
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?
I think there is a "mansion" tax in Los Angeles proper, but La Crescenta is a separate city.
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?
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.lou…
This is true for a lot of bands. Guns n' Roses, Iron Maiden, Metallica.
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?
Only if people remain exposed to it enough for them to still give a shit after 'x' years.
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.
Some off the Queen songs are quite catchy and instantly appeal to a large public. They're more of an iconic band. The name of the band is also quite good for their identity. Californication is a radio tune. There's more to RHCP than that. I won't pretend it's sophisticated like John Coltrane, Nils Petter Molvær or some cult band like The Doors or The Velvet Underground, but it's still something to dive into and liste…
guess this is anecdotal based on my experience but RHCP seems to be very popular worldwide. Especially considering in many countries popular American music is played many years after they are a hit in the US. RHCP plays overseas nearly every tour and seem to be absolutely massive in South America (just go to any RHCP youtube video, and look at all the comments like "please come back to Brasil!"