Dream Wired
No Result
View All Result
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop
No Result
View All Result
Dream Wired
No Result
View All Result
Home Music

Katy Perry Sells Catalog to Litmus Music for $225 Million – Billboard

rmtsa by rmtsa
September 18, 2023
in Music
0
Katy Perry Sells Catalog to Litmus Music for 5 Million – Billboard
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

Doc Coyle Calls Out ‘Pretentious Gatekeeping’ of Sleep Token

Ledisi Opens Up About The Power of Music and The Crown

Mariah Carey Hints New Album & Single May Be Coming Soon

Litmus Music, a catalog rights company backed by private-equity giant Carlyle Group LP, said on Monday (Sept. 18) it acquired the rights to Katy Perry’s five studio albums released for Capitol Records, including her Grammy-nominated Teenage Dream.  

According to sources, Litmus paid $225 million for Perry’s stake in the master recording royalties and music publishing rights to her five albums released between 2008 and 2020—One of the Boys, Teenage Dream, PRISM, Witness and Smile. Litmus declined to comment on the deal terms.

Perry’s catalog sale, finalized earlier this year, follows other 2023 music rights deals like Justin Bieber’s $200-million sale to Hipgnosis Songs Capital, demonstrating that household name artists can still command top dollar even as high interest rates moderate investors’ appetites for song rights.

From her breakout single “I Kissed A Girl” in July 2008 to the five chart-topping songs from 2010’s Teenage Dream, Perry has notched a total of nine No. 1s on the Billboard Hot 100. During a musical era that saw major hits from other female pop stars like Lady Gaga, Beyoncé, Rihanna, Taylor Swift, and Adele, Perry remains the first woman and only second artist ever (after Michael Jackson) to send five songs from the same album to the summit of the Hot 100. Those songs are “California Gurls,” “Firework,” “E.T.,” “Last Friday Night (T.G.I.F.)” and “Teenage Dream.”

In addition to releasing 2017’s Witness and 2020’s Smile, Perry is winding down a blockbuster Las Vegas residency that she started in late 2021.

The “Roar” singer’s professional relationship with Dan McCarroll, Litmus co-founder and chief creative officer, dates back to 2010 when McCarroll was president of Capitol Records, the company said.

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

Launched in August 2022 with a $500-million-investment from Carlyle’s Global Credit Platform, Litmus has acquired publishing and recording rights of artists from a range of genres, including Keith Urban‘s master recordings and a package of publishing and performance copyrights from super producer benny blanco.

Hank Forsyth, Litmus co-founder and chief executive officer, called Perry’s “essential” songs “part of the global cultural fabric.”

“We are so grateful to be working together again with such a trusted partner,” said Forsyth, an industry veteran previously of Warner Chappell and Blue Note.

“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.



Source link

Tags: BillboardcatalogKatyLitmusMillionmusicPerrySELLS
Share30Tweet19
rmtsa

rmtsa

Recommended For You

Doc Coyle Calls Out ‘Pretentious Gatekeeping’ of Sleep Token

by rmtsa
June 4, 2025
0
Doc Coyle Calls Out ‘Pretentious Gatekeeping’ of Sleep Token

Doc Coyle has called out the "pretentious gatekeeping" that is currently surrounding Sleep Token, likening it to a script that he's seen played out too often with popular...

Read more

Ledisi Opens Up About The Power of Music and The Crown

by rmtsa
June 3, 2025
0
Ledisi Opens Up About The Power of Music and The Crown

Black people have long used music as a form of resistance and a tool for change in America. From spirituals that were sung during slavery to the freedom...

Read more

Mariah Carey Hints New Album & Single May Be Coming Soon

by rmtsa
June 3, 2025
0
Mariah Carey Hints New Album & Single May Be Coming Soon

Mariah Carey is stepping into a new era. After going nearly seven years without dropping a proper album, the pop superstar appeared to tease on social media that...

Read more

Best Albums of 2025 (So Far)

by rmtsa
June 3, 2025
0
Best Albums of 2025 (So Far)

We’re halfway through 2025, and it’s been…well, eventful, to put it politely. But hey, at least there’s great music to get us through it all. Six months in,...

Read more

Death Penalty Off the Table in Lil Durk Murder-for-Hire Case

by rmtsa
June 3, 2025
0
Death Penalty Off the Table in Lil Durk Murder-for-Hire Case

Prosecutors in the Lil Durk murder-for-hire case will not be seeking the death penalty.Death Penalty Off the Table in Lil Durk CaseAs Lil Durk's trial looms, more motions...

Read more
Next Post
*NSYNC’s JC Chasez, Lance Bass Tease More Reunions, ‘Anything Is Possible’

*NSYNC's JC Chasez, Lance Bass Tease More Reunions, 'Anything Is Possible'

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Celebrity
  • Comics
  • DramaAlert
  • Gossip
  • Movie
  • Music
  • TV
  • Uncategorized

CATEGORIES

  • Celebrity
  • Comics
  • DramaAlert
  • Gossip
  • Movie
  • Music
  • TV
  • Uncategorized
No Result
View All Result

Recent News

  • Hotel security says Diddy feared 2016 hotel assault video would ‘ruin him’ – National
  • The Cleaning Lady – Killer Queen/As Time Goes By (2-Part Season Finale) – Review
  • Diddy Fan Forced Out Of Courtroom After Profanity-Laced Rant

Copyright © 2023 DramaWired.
DramaWired is a content aggregator and not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop

Copyright © 2023 DramaWired.
DramaWired is a content aggregator and not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In