Apparently saying ‘California’ a lot is quite the money maker. To wit, the Red Hot Chili Peppers have sold a wedge of their catalogue to publishing powerhouse Hipgnosis for a reported $150 million. Though it’s unclear whether the final deal has been signed, songs included in the trade include Californication, Snow (Hey Oh), Give It Away and others that everyone knows and are therefore worth loads, according to Billboard.
The band are not the first to do this. Last year, Bob Dylan signed a deal worth $300 million with the company, while they also own the rights to songs by Jay-Z, Beyoncé, Katy Perry, Fleetwood Mac and 50 Cent, among a reported 57,000 other songs.