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Jay-Z takes over Vevo today

By Seth Barmash
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Vevo, Jay-Z and Roc Nation gift fans on the rap icon’s 52nd birthday with the official release of his music videos for the first time across Vevo’s network. Smash hits like “Empire State of Mind,” “Run This Town,” and “Hard Knock Life” are now available in high-quality resolution on Jay-Z’s Vevo channel and via connected TV devices. To celebrate being added to the world’s largest music video platform, the network has dedicated a 24-hour block of programming on their hip-hop channel along with 1-hour programming blocks on their 90’s channel and 2000’s channel today.

JAY-Z MUSIC VIDEO PLAYLIST

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

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By Daniel Kreps
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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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