Katy Perry Sells Music Catalog to Litmus for $225 million
Katy Perry Sells Catalog to Litmus Music for $225 Million https://t.co/8PZyi1sxDR
- billboard (@billboard) September 18, 2023
Following in the heels of artists such as: The Killers, Bob Dylan, Justin Timberlake, Iggy Azalea, Shakira, John Legend, Bruce Springsteen, and Justin Bieber, to name a few, now Katy Perry is the latest artist to sell her music catalog for a cool $225 million.
Litmus Music, a catalog rights company, said on Monday that it had acquired the rights to Katy Perry’s five studio albums released for Capitol Records.
Perry has sold her music rights to the private-equity Carlyle-backed company, which was co-founded by former Capitol Records president Dan McCarroll. The deal includes Perry’s stakes in master recordings and publishing to: 2008's One of the Boys, 2010's Teenage Dream, 2013's PRISM, 2017's Witness, and 2020's Smile.
The deal does not seem to include her Christian debut album, Katy Hudson (2001).
Litmus Music launched in 2022 and had its first major acquisition in December, purchasing Keith Urban’s rights to his master recordings.
Here's a pretty big list of artists who have sold their back catalogues over the last few years, courtesy of ajournalofmusicalthings.com.
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