Red Hot Chili Peppers have sold their 4-decade-spanning music catalog to Warner Music Group for $300 million.

The Hollywood Reporter has detailed that the rock band were among the musicians acquired by WMG one year following their $1.2 million joint venture with Bain. In a recent earnings report, it was revealed that $650 million was spent on acquisitions since the launch of the WMG and Bain partnership.

Red Hot Chili Peppers, composed of lead singer Anthony Kiedis, bassist Flea, lead guitarist John Frusciante, and drummer Chad Smith, previously sold their publishing catalog to Hipgnosis, now Recognition Music Group, in 2021 for $140 million.…