Red Hot Chili Peppers Reportedly Selling Their Song Catalog To Hipgnosis Songs Fund

According to Rolling Stone, Red Hot Chili Peppers are selling their song catalog to Hipgnosis Songs Fund. The deal is believed to have been made for about $140 million. This news comes after a number of artists including Shakira, Neil Young, Lindsey Buckingham (Fleetwood Mac), RZA (Wu-Tang Clan), and Debbie Harry (Blondie) previously sold part or all of their catalogs to Hipgnosis.