Katy Perry has sold the rights to her five albums released between 2008 and 2020 for Capitol Records to Litmus Music for $225 million, US media reported Monday.
A new company that owns part of the repertoire Perry has not disclosed financial details publicly. operations, but reported in a statement that the deal includes the pop star’s original recordings on those five albums and her publishing rights.
The albums that will now be exploited by Litmus Music, the music rights company within the global investment firm Carlyle Group, are: “One of the Boys” (2008), “Teenage Dream” (2010), “PRISM” (2013), “The Witness” ( 2017) and “Smile” (2020).
Group Universal music He will continue to own the masters of five albums.
The connection between the “Roar” singer and Litmus Music confirms rumors that have been growing in recent weeks within the industry due to the close professional relationship between the singer and Dan McCarroll, now co-founder and creative director of Litmus Music, from his previous phase as president of Capitol Records.
“It is a great honor to work with her again and help A litmus test for managing your incredible repertoire. (..) She is a creative visionary who has had a major impact on music, television, film and philanthropy,” McCarroll said in a statement.
He is also the co-founder and CEO of the company Litmus Music, Hank Forsyth, He described the agreement as “essential” because, in his view, Perry’s themes are already “part of the global cultural fabric.”
Katy Perry is the first woman, and after Michael Jackson, the second artist, who managed to place five songs in the top Billboard’s history in the United States thanks, above all, to her great popularity in the past decade.
During the last few years, the creator of “California Gurls” preferred to focus on a series of permanent performances in Las Vegas, on the development of her philanthropic work with her foundation (Firework Foundation) and UNICEF, and on starting a family with her partner. , actor Orlando Bloom.
The sale of Perry’s catalog joins other major operations undertaken in the sector this year, such as the acquisition of Justin Bieber’s music rights by Hipgnosis Songs Capital or the purchase of Dr. Dre by Universal Music and Shamrock Holdings, both for $200 million.
Source: Panama America
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