Katy Perry Sells Catalog Rights to Litmus Music for $225 Million

[bnew]

Katy Perry Sells Catalog Rights to Litmus Music for $225 Million

After months of rumors, Katy Perry has sold her music rights to Litmus Music, the Carlyle-backed company announced Monday; multiple sources put the price at $225 million. The deal includes Perry’s …

variety.com

Katy Perry Sells Catalog Rights to Litmus Music for $225 Million​

By Jem Aswad

Getty Images


After months of rumors, Katy Perry has sold her music rights to Litmus Music, the Carlyle-backed company announced Monday; multiple sources put the price at $225 million. The deal includes Perry’s stakes in master recordings and publishing rights for the five albums she released between 2008 and 2020: “One of the Boys,” “Teenage Dream”, “Prism,” “Witness” and “Smile.” Universal Music Group continues to own the masters to those albums.

After years as a major superstar during the 2010s,Perry has slowed her career, focusing on residencies in Las Vegas, philanthropy work and raising a family with her partner, actor Orlando Bloom.

Litmus launched in the summer of 2022 and made its first major acquisition the following December, buying Keith Urban’s rights to his master recordings.


McCarroll said, “Katy Perry is a creative visionary who has made a major impact across music, TV, film, and philanthropy. I’m so honored to be partnering with her again and to help Litmus manage her incredible repertoire.”

Co-founder and CEO Hank Forsyth added, “Katy’s songs are an essential part of the global cultural fabric. We are so grateful to be working together again with such a trusted partner whose integrity shines in everything that she does.”
“We believe this is a testament to the team’s ability to partner with the world’s top artists. Katy’s iconic songs have not only achieved outstanding commercial success but have significantly influenced popular culture,” said Matt Settle, Managing Director at Carlyle.

Carlyle Global Credit has invested capital for this partnership from its Credit Opportunities strategy, and has deployed more than $3 billion in and around the sports, media, and entertainment space since 2018. Carlyle Global Credit brings to the table the ability to structure bespoke financial solutions for partners and artists.

 

[TL15]

Those come with nudes or no

 

[MikelArteta]

 

[tremonthustler1]

but generational wealth and stuff

she let Nipsey down

 

[ORDER_66]

that's her choice... she better flip that money..

 

[Piff Perkins]

but generational wealth and stuff

she let Nipsey down

She doing the white man a favor. We need more financial literacy in our community, yall.

 

[mson]

Nice amount

 

[King Sun]

but generational wealth and stuff

she let Nipsey down

In all seriousness this is just artist getting all of their money upfront vs waiting on royalties for years,

 

[Bruce Wayne]

She's a Bird anyway.

 

[⭐⭐⭐⭐⭐]

Self-esteem pop

Side eye anyone you meet who appreciate “her work” *

Not her work: see producer credits

 

[Reptile]

Her shyt aint worth more than that?

 

[PewPew]

From a music business standpoint, that amount is staggering. Coach K and P sold the whole QC label for $300M, with acts such as Migos, Lil Baby, City Girls, and more. Katy Perry got 75 percent of that amount for just HER catalog.

Obvisously she's had more trendy pop hits, but it really makes me wonder what type of lasting power black music has in todays world

 

[Toe Jay Simpson]

She got away with that one. She was hot for a little bit over a decade ago with a bunch of hits nobody ever wants to hear again cause somebody either before or after her did it better. We gonna salute this one

 

[itsyoung!!]

that's her choice... she better flip that money..

MAN SHUT UP
JUST SHUT THE fukk UP

 

[ORDER_66]

MAN SHUT UP
JUST SHUT THE fukk UP

............