Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 40+ AI models, with 0% extra fees
Red Hot Chili Peppers Closes Music Catalogue Deal At $300 Million
(MENAFN- IANS) Los Angeles, May 11 (IANS) The rock band Red Hot Chili Peppers has struck gold. The band has cracked one of the biggest rock deals of the year.
The band has offloaded their full recorded music catalogue to Warner Music Group for a reported $300 million, reports ‘Female First UK’.
As per Billboard, the band’s entire body of recorded work is included in the sale, covering 13 studio albums and decades of hits that continue to pull in huge streaming numbers.
The catalogue is said to bring in around $26 million a year, making it one of the most valuable in modern rock. Anthony Kiedis had been shopping the rights around after taking ownership of their recordings last year, with talk they were hoping to land closer to $350 million. In the end, Warner stepped up with the winning offer, which makes sense given the label originally released some of the band’s biggest albums, including Blood Sugar Sex Magik and Californication.
As per ‘Female First UK’, this blockbuster deal is separate from the Chili Peppers’ earlier sale in 2015, when Hipgnosis Songs Fund snapped up their publishing rights for roughly $150 million. Those rights could soon be on the move again, as Sony Music is currently in talks to buy Hipgnosis, now renamed Recognition Music Group - in a multi‐billion‐pound takeover that would shift control of hundreds of major catalogues.
The new agreement puts the band among the growing list of rock giants cashing in on their legacies. The band have a new album in the works, following 2022’s back‐to‐back records Unlimited Love and Return of the Dream Canteen.
Speaking to MOJO magazine, bassist Flea revealed that he and guitarist John Frusciante have been deep in writing sessions, working from the latter’s home studio and chasing that unmistakable Chili Peppers spark.
He added,“We’ve been writing and recording at John’s place, and the music feels great. Once we start playing, it’s all about finding that magic groove and doing it right”.
MENAFN11052026000231011071ID1111097644