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
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Red Hot Chili Peppers ink $300M deal with Warner Music to sell catalog
71–80 of 128 posts
Re: Red Hot Chili Peppers ink $300M deal with Warner Music to sell catalog
#72Wow, 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?
Re: Red Hot Chili Peppers ink $300M deal with Warner Music to sell catalog
#73As 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?
Re: Red Hot Chili Peppers ink $300M deal with Warner Music to sell catalog
#74Can't wait for the RHCP biopic in 2028!
Can't wait for the pharmaceutical commercials with RHCP jingles
Re: Red Hot Chili Peppers ink $300M deal with Warner Music to sell catalog
#75As 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.
Re: Red Hot Chili Peppers ink $300M deal with Warner Music to sell catalog
#76As 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?
They sold the future royalties. "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."
Re: Red Hot Chili Peppers ink $300M deal with Warner Music to sell catalog
#77This 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.
Re: Red Hot Chili Peppers ink $300M deal with Warner Music to sell catalog
#78This 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 the talent pool was restricted or if they also hold the distribution keys. Unfortunately, anyone can buy a $300 guitar and become a master, given time and commitment. This can then be used to influence AI into cleaning up your sloppy playing and off-tempo. Possibly even creating entirely new sounds from it (midi?) and then anyone can create a signature sound and model a band or music group around that motif.
The short version is no, not anymore.
Re: Red Hot Chili Peppers ink $300M deal with Warner Music to sell catalog
#79Give 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
Agreed by far their best. Others still slap though.
The intro to Snow is great too.
Re: Red Hot Chili Peppers ink $300M deal with Warner Music to sell catalog
#80As 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?
It's a bit like an individual person taking the option of receiving a lottery payment in one large lump sum (and nothing else, ever), vs. receiving ongoing monthly/annual payments for some period going into the future. The new owner pays them one big lump sum and then the new owner gets all rights to license the content for things like car commercials on TV, streaming, reissues of box sets, radio, etc. Also for derivative works of all forms and basically whatever the new owner wants to do with it.