The Red Hot Chili Peppers are looking to sell their recorded masters catalog, with the iconic rock band seeking about $350 million for their collection of hit recordings. The potential sale was reported by Billboard late Wednesday (February 19), citing sources. The catalog includes popular tracks such as Under The Bridge, Californication, Dani California and Give It Away. The catalog reportedly generates an estimated $26 million in annual revenue, primarily from recordings released through Warner Music Group. The sale is said to include the band’s 13 studio albums and additional releases issued by WMG in the US.

Red Hot Chili Peppers seeking $350M in masters catalog sale, with WMG leading the bid (report)