Red Hot Chili Peppers to sell song catalog for more than $140M: report

The Red Hot Chili Peppers are reportedly selling the rights to their song catalog — which includes hits like “Under the Bridge,” “Give It Away” and “Californication” — for $140 million.

The Anthony Kiedis-fronted band is selling the publishing rights to its songs to London-based music investment firm Hipgnosis, Variety reported. Reps for the Chili Peppers and Hipgnosis did not immediately respond to requests for comment. Formed in 1982 in Los Angeles, the Chili Peppers are the latest big-name act to see a windfall from the sale of their catalogue. Last year, Bob Dylan sold his 600-song catalogue for more than $300 million to Universal Music, and Stevie Nicks sold hers to Primary Wave for $100 million.