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Entertainment Red Hot Chili Peppers to sell entire music catalogue for in excess of $140m

12:20  04 may  2021
12:20  04 may  2021 Source:   msn.com

What is Apple Music and how does it work?

  What is Apple Music and how does it work? What is Apple Music and how does it work? photo 7 (Pocket-lint) - Apple Music is a subscription-based music streaming service, like Spotify, offering access to over 70 million songs.It's packed with features, including offline listening for when you're not connected, and it combines all your music in one place - even songs ripped from a CD. Apple Music also offers up live radio stations and integration with Siri so you can control most things with voice commands.This feature offers everything you need to know about Apple Music, including how much it costs, what it offers, and how to use it.

The Red Hot Chili Peppers will reportedly sell their entire back catalogue for $140 million upwards.

Flea holding a racket: Red Hot Chili Peppers © Bang Showbiz Red Hot Chili Peppers

According to Billboard, Anthony Kiedis and co are closing in on the biggest deal yet between Hipgnosis Songs Fund and an artist.

The investment company - which was founded by Merck Mercuriadis and Nile Rodgers - is believed to have paid the whopping sum for the rock band's biggest hits, including 'Under The Bridge, 'Give It Away' and 'Californication'.

Hipgnosis already owns the entire back catalogue of former Fleetwood Mac guitarist Lindsey Buckingham and 50 per cent (1,180 songs) of Neil Young's music collection, the latter of which is said to have sold for an estimated $150 million.

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However, their biggest acquisition was $323 million for a sizeable amount of Kobalt Music Group's artists' works, including Fleetwood Mac and George Benson.


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Meanwhile, RHCP have been working on new music since reuniting with Josh Frusciante.

Tidal

  Tidal Tidal's facing new competition in the hi-res music streaming arena, so is it still the best service for demanding listeners?These hi-res (typically 24-bit/96kHz) tracks, which it calls 'Tidal Masters', initially numbered in the tens of thousands but now make up a catalogue in the millions – all available to subscribers of its £20 ($20) per month HiFi (CD-quality) package at no additional charge.

The 51-year-old guitarist re-joined the band at the expense of Josh Klinghoffer in 2019, following more than a decade's hiatus.

And in October, he discussed penning new material with the 'Dani California' group.

He said: “We were rehearsing for a couple months, then the quarantine started, and we stopped rehearsing for a couple months, then we went back to rehearsing.

“We’re moving ahead with what we’re doing, writing new music.”

Earlier this week, drummer Chad Smith - who completes the lineup with bassist Flea - gave an update on their follow-up to 2016's 'The Getaway'.

He said: "There's a gag order on me, I guess I do so many Zooms and they're just like, 'Why did you say that?' ... There's something coming! I can say this: we're making a record, we're making new music and it's very exciting. I don't know when it's coming out, but we can't wait for people to hear it. And we can't wait to perform for people, just like everybody else that really misses that experience."

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