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Thursday, May 6, 2021

Red Hot Chili Peppers Reportedly Selling Catalog To Hipgnosis

Red Hot Chili Peppers have reportedly sold their catalog to Merck Mercuriadis's Hipgnosis Songs Fund for around $140 million.

The deal, which was first reported by Billboard, will include the band's most popular songs, such as "Under The Bridge," "Dani California," "Snow (Hey Oh), "Californication," "Otherside," "Can't Stop" and "Give It Away."

The band's publishing catalog was written by frontman Anthony Kiedis, bassist Flea, drummer Chad Smith and guitarist John Frusciante. It reportedly generates $5 million to $6 million in net publishers' share.

The deal marks the latest catalog sale from a major legacy artist and one of the highest profile acquisitions to date for Hipgnosis, which includes Richie Sambora, Neil Young, Lindsey Buckingham and Jimmy Iovine.

Recently, Bob Dylan sold his songwriting catalog to Universal Music Publishing for more than $300 million and Stevie Nicks sold hers to Primary Wave for $100 million.

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The Weeknd, Ariana Grande's 'Save Your Tears' Remix Jumps To No. 1 On Billboard Hot 100

The Weeknd and Ariana Grande's "Save Your Tears" remix has jumped to No. 1 on the Billboard Hot 100.

"Save Your Tears" rose from No. 6 to No. 1 for its first week atop the Billboard Hot 100 songs chart. "Save Your Tears," all versions combined, drew 30.4 million U.S. streams, up 111% and sold 18,000 downloads, up 265%, in the week ending April 29, according to MRC Data.

"Save Your Tears" was a track from The Weeknd's blockbuster album After Hours, which topped the Billboard 200.

The remix is The Weeknd and Grande's third collaboration after teaming up for "off the table" on Grande's 2020 No. 1 album Positions and "Love Me Harder" from her 2014 sophomore album My Everything.

The Weeknd has shared several After Hours remixes, including "Blinding Lights" with Rosalía and "In Your Eyes" with Doja Cat.

(Photo: Dave Meyers)

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Coldplay To Open 2021 Brit Awards With Performance On The Thames

Coldplay will open this year's Brit Awards with a performance of their upcoming single, "Higher Power," on a pontoon on the Thames near London's O2 Arena.

Coldplay will open this year's Brit Awards with a performance of their upcoming single, "Higher Power," on a pontoon on the Thames near London's O2 Arena. "Higher Power" is set to release on Friday.

"Along with countless hit singles, eight No. 1 albums, over 20 billion global streams and one of the biggest tours of all time, they currently hold the title of being the most nominated group at The BRITs, with 28 nominations in total and nine award wins - so understandably, we can't wait to have them back," the organizers of the Brit Awards said.

Coldplay is returning to grace the BRITS stage after a gap of four years.

They'll be joining a line-up of performances alongside previously announced artists Dua Lipa, Griff, Arlo Parks, Headie One, P!nk & Rag'n'Bone Man and Olivia Rodrigo.

The 2021 Brit Awards will be broadcast on May 11 at 8pm BST/3pm EDT/12pm PDT on ITV, ITV Hub and YouTube.com/BRITs.

(Photo: Dave Meyers)

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