Blackground Records 2.0 To Host Exclusive Aaliyah ‘Celebration of Life’ Event In Detroit This Friday

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Blackground Records 2.0 in partnership with EMPIRE is hosting a private outdoor event in honor of the iconic singer and her musical legacy. The event will spotlight her life, legacy, and impact on pop culture. In partnership with Firefly Drone Shows, there will be an orchestrated light show of images that represent some of Aaliyah’s most popular hits.

Recently Background Records 2.0 and EMPIRE hosted, “More Than A Woman – The Aaliyah Experience,” a two-day pop-up event in New York City with production by Six Degrees and two rooms sponsored by streaming service Pandora. The event brought Aaliyah’s iconic career to life for fans in the form of a multi-set immersive exhibit that highlighted the singer’s lasting influence across music, fashion and culture. Watch the recap video HERE.

WHEN: Friday, October 8, 2021 from 6PM-10PM

WHERE: Detroit, MI

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Red Hot Chili Peppers Land Over $300 Million From Catalog Sale

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The Red Hot Chili Peppers have reportedly sold their recorded music catalog to Warner Music Group in a massive deal valued at more than $300 million.

The agreement arrives five years after the legendary rock band sold their publishing rights in a separate deal worth around $150 million. According to reports from The Hollywood Reporter and Billboard, the band’s recorded catalog, which includes 13 studio albums and nine releases distributed through Warner Music Group, was officially acquired on Friday for more than double the amount of the earlier publishing sale.

The acquisition is said to be part of a much larger partnership between Warner Music Group and Bain Capital. Together, the companies have reportedly spent around $650 million acquiring music and publishing assets, with the Red Hot Chili Peppers catalog making up nearly half of that total. Details regarding the remaining acquisitions have not yet been disclosed.

Back in May 2021, the Red Hot Chili Peppers sold their publishing rights to Hipgnosis Songs Fund for approximately $150 million. However, according to The Hollywood Reporter, those rights could soon change hands again as Hipgnosis, now operating under the name Recognition Music Group, is currently being acquired by Sony Music as part of another multi billion dollar transaction.

The band’s recorded catalog had reportedly been available on the market since last year with an asking price close to $350 million. Warner Music Group was widely viewed as the most natural buyer considering the label has worked with the band since the release of 1991’s Blood Sugar Sex Magik. Before joining Warner, the group’s first four albums were released through EMI.

Financially, the catalog remains extremely valuable, reportedly generating around $26 million in annual revenue. Ownership of the recordings had remained with the band prior to this latest agreement.

The Red Hot Chili Peppers most recently released Unlimited Love and its companion album Return of the Dream Canteen in 2022. At the time of reporting, neither the band nor Warner Music Group had publicly commented on the catalog acquisition.

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