Entertainment Red Hot Chili Peppers sells song catalog to Hipgnosis for $140 million
Taylor Swift's new version of Fearless reaches No. 1 on US Apple chart
The updated version to her sophomore LP had a lot to live up to considering the original would garner the singer-songwriter her very first Grammy win for Album Of The Year. Fearless is the first of six albums that she plans to re-record and release as a way to regain creative control of her music following the sale of her past catalog 'without her knowledge.' © Provided by Daily Mail Top spot: Taylor Swift's re-recorded version of her 2008 album Fearless has already hit No.
Their hits include Under The Bridge, Knock Me Down, Give It Away and Dani.
And now the Red Hot Chili Peppers are cashing in on their almost four decade-long career by selling their song catalog.
The rock group has agreed a deal with Hipgnosis Songs for upwards of $140 million,reported Monday.
The main beneficiaries will be singer Anthony Kiedis, bassist Flea, drummer Chad Smith and guitarist John Frusciante who wrote most of the group's songs.
Why 'My Old Kentucky Home' is So Controversial
Churchill Downs confirmed yesterday that "My Old Kentucky Home" will be performed at the Kentucky Derby.Last year, the song was performed by bugler Steve Buttleman without any lyrics following a moment of silence, in a "thoughtfully and appropriately modified" performance, according to Churchill Downs, following the death of Breonna Taylor and the subsequent Black Lives Matter protests in Kentucky.
It's been five years since Red Hot Chili Peppers last released an album but drummer Chad Smith teased that the band has some new music coming down the pipeline.
During an interview with New York's Q104.3, Smith shared: '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."
Red Hot Chili Pepper’s last album was The Getaway in 2016 and since then, Frusciante has rejoined the group following a 10-year absence.
Man brandishes gun in Zoom lecture on racism and 'Eyes of Texas' song
A University of Texas at Austin Zoom lecture on whether the school song, "The Eyes of Texas," has racist origins turned frightening when a man brandished a gun.The Saturday lecture was led by Alberto Martinez, a history professor who says his research shows the song has racist origins, contrary to the university’s position. There have been calls for the university to stop using the song, which made its debut at a minstrel show and is seen by some as tied to the Confederate Gen. Robert E. Lee.
They're the latest hitmakers to turn their back catalog into cash.
Bob Dylan sold his songwriting catalogue to Universal Music for $300million while Stevie Nicks got $100 million from Primary Wave for hers.
Meanwhile, Hipgnosis has been on what Variety calls 'a catalog-acquisition binge that is unparalleled in music industry history and has driven up the price of song catalogs exponentially.'
Hipgnosis acquired half of Neil Young’s catalog as well as Lindsey Buckingham's catalog earlier this year.
Its other acquisitions since 2018 include the works of Shakira. Timbaland, Pretenders frontwoman Chrissie Hynde, Wu-Tang Clan’s RZA, Blondie and Barry Manilow.
Miranda Lambert Rehearses for the ACM Awards in Nashville, Plus Rihanna, Mariska Hargitay and More .
Miranda Lambert Rehearses for the ACM Awards in Nashville, Plus Rihanna, Mariska Hargitay and More