Red Hot Chili Peppers sold the rights to their entire recorded catalog to Warner Music Group for a deal exceeding $300 million. The sale went through the label’s joint venture with Bain Capital, which launched a $1.2 billion catalog fund last July. The transaction represents almost half of the JV’s reported $650 million spend on acquisitions so far.

WMG first announced its catalog vehicle in July, but kept early deals under wraps. Since then, the group has added several high‑profile titles, with the Chili Peppers deal accounting for a significant portion of the portfolio. The band’s catalog includes classics such as “Californication” and “Scar Tissue” for listeners worldwide, spanning decades, a.

The sale marks a repeat move for the band, which previously sold its publishing rights to Hipgnosis (now Recognition Music Group) in 2021 for $140 million. That catalog is also a target for Sony Music Group's potential acquisition of Recognition, a deal that could reach multi‑billion dollars and add assets like Justin Bieber and Neil Young.

With Warner already the band’s flagship label since 1991’s Blood Sugar Sex Magik, the transaction streamlines royalty streams and grants WMG full control over licensing for future streaming, touring, and media projects. The move reinforces the trend of major labels partnering with private investors to consolidate music catalogs, as Universal and Sony follow similar strategies.