The Red Hot Chili Peppers sold the rights to their entire music catalog for the second time. In 2021, the band sold the publishing rights to their back catalog to Recognition (formerly Hipgnosis) for $140 million. This new sale doesn’t mean they’re selling their songs twice, though. Rumors swirled in February 2025 that the Chili Peppers were seeking to sell the rights to their recordings for roughly $350 million. As of May 2026, they found a buyer; Warner Music Group reportedly paid $300 million for their master recordings. Videos by VICE According to a report from The Hollywood Reporter , this sale follows a $1.2 billion joint venture between Warner Music Group and Bain Capital. By May, WMG had already spent $650 million acquiring several music catalogs. Now, with the Red Hot Chili Peppers in its archive, the label is set to benefit from any streaming, airplay, and album sales of the band’s back catalog.…