Warner/Bain announce the Red Hot Chili Peppers catalog by Dec 31 2026

Warner and Bain stood up a joint vehicle of up to $1.2B for catalog acquisitions, and reporting attaches the Chili Peppers catalog to it as the first deal out of the gate. Multiples have settled to roughly 12-18x from the 18-25x 2021 peak, the condition that makes a flagship deal printable rather than aspirational.