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.
Red Hot Chili Peppers ink $300M deal with Warner Music to sell catalog
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Re: Red Hot Chili Peppers ink $300M deal with Warner Music to sell catalog
#52Re: Red Hot Chili Peppers ink $300M deal with Warner Music to sell catalog
#53Re: Red Hot Chili Peppers ink $300M deal with Warner Music to sell catalog
#54Re: Red Hot Chili Peppers ink $300M deal with Warner Music to sell catalog
#55Earlier 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.
Californication was 2000. I think a single came out in the summer of 1999 off that album though.
Re: Red Hot Chili Peppers ink $300M deal with Warner Music to sell catalog
#56Earlier quoted context omitted.
Why would licensing revenue for hit songs collapse?
Most of the Red Hot Chili Peppers hit songs are pushing 30 years old. Their songs have already hit their peak popularity and will only be declining from now on. This along with AI generated music flooding the market. An AI generated song has already been #1 on the iTunes Charts. AI generated music is only going to get better and more popular. Future TV shows/movies/etc. will likely just be generating their own music,…
Re: Red Hot Chili Peppers ink $300M deal with Warner Music to sell catalog
#57Re: Red Hot Chili Peppers ink $300M deal with Warner Music to sell catalog
#58The band must be past peak popularity, with listens continuing to decline year after year.
Re: Red Hot Chili Peppers ink $300M deal with Warner Music to sell catalog
#59Is there any write up about how these economics work? How much does the catalog generate in a year? The band must be past peak popularity, with listens continuing to decline year after year.
Streaming music is only the tip of the iceberg.
Most TV commercials are using 30-year-old songs. Add to that streaming series (think Stranger Things), movies, public spaces, internet radio, actual radio, and hundreds of other licensing opportunities await.