Earn in One Day the Money of a Lifetime (and Death): the Fashion Business in the Music Industry

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In 2021, following in the footsteps of Bob Dylan, Bruce Springsteen, Sting, Justin Bieber and other music stars, the Red Hot Chili Peppers sold the publishing rights of their songs to the background Hipgnosis Songs for 140 million dollars, with the aim of capitalizing on their hits immediately rather than waiting to collect the corresponding royalties year by year. In these five years there have been a multitude of similar operations with many o…