Red Hot Chili Peppers have sold their recorded music catalogue for more than $300 million, according to reports.

With a deal that big, anyone who knows a member of Red Hot Chili Peppers might jokingly feel tempted to reach out and ask for a share of the proceeds.

Red Hot Chili Peppers have finalized a major deal with Warner Music Group to sell their recorded music catalogue for more than $300 million.

The Los Angeles band—Anthony Kiedis, John Frusciante, Flea, and Chad Smith—previously sold their publishing rights in 2021 for about $140 million. The new agreement covers their recorded catalogue, which spans 13 studio albums, most of which were released under Warner Music starting with Blood Sugar Sex Magik in 1991.

The catalogue is estimated to generate around $25 million annually and had reportedly been on the market since last year, with earlier reports suggesting the band was aiming for around $350 million. The sale is part of a broader partnership between Warner Music Group and Bain Capital involving major music rights acquisitions.

Meanwhile, Flea is set to perform his first solo European shows later this month in support of his album Honora, with stops in Berlin, Amsterdam, London, and Paris. The record features both original material and covers, and includes collaborations with artists such as Thom Yorke and Nick Cave.