The Red Hot Chili Peppers are exploring the sale of their recorded music catalog, with an asking price of up to $350 million, according to Billboard sources.

Photo Credit: Red Hot Chili Peppers by Raph PH / CC by 2.0

The potential sale includes rights to iconic hits like "Californication," "Under the Bridge," "Snow (Hey Oh)," "Otherside," "Give It Away," and "Can't Stop." The band currently owns their catalog through Warner Music Group (WMG), though ownership of their first four EMI-released studio albums remains unclear.

The band's extensive discography spans 13 studio albums released between 1984 and 2022, including landmark records like "Blood Sugar Sex Magik" (1991) and "Californication" (1999). Attorney Eric Greenspan, who previously handled the band's $140-150 million publishing rights sale to Hipgnosis in 2021, is leading the negotiations.

Industry experts estimate the catalog generates approximately $26 million in annual revenue, with a net label share of around $20 million after expenses. While the asking price is $350 million, sources suggest the final sale price may land between $325-340 million. Combined with their previous publishing rights sale, the total value of their musical assets could approach $500 million.

The legendary Los Angeles band, formed in 1982, has maintained a significant presence in rock music for four decades, with their catalog including two live albums and 12 compilation albums alongside their studio releases.

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