Katy Perry’s Massive $225M Music Catalog Sale to Litmus Music
Rumors have been floating around for months whether Katy Perry already sold her music catalogue rights to Litmus Music.
The company is co-founded by former Capitol Records President Dan McCarroll. On Monday, the company announced the $225 million purchase deal, including Perry’s master recordings and publishing rights for her five albums released between 2008 and 2020. The albums include: “One Of The Boys,” “Teenage Dream,” “Prism,” “Witness,” and “Smile.”
Happy 15th anniversary to my first musical child, One of the Boys! (I know omg the passing of time is WILD)
— KATY PERRY (@katyperry) June 17, 2023
She may be a young teen but has always had a bit of an attitude 🤘🏻😉 Thank u to all the KCs who have stuck around since the Warped & Hello Katy days…tbh I still think of… pic.twitter.com/A54hhVScyC
The 2010’s superstar has slowly moved out of the spotlight over the years to focus on her marriage and raising a family with her partner, Orlando Bloom. As well as focusing on residencies in Las Vegas, philanthropic work, and engaging in various projects beyond music.
Just in time for summer!☀️🍹
— KATY PERRY (@katyperry) June 21, 2023
Introducing 💗Très Rosé 💗 @drinkdesoi’s newest bright, fruity and floral flavor which combines ✨the sparkle✨ of tart raspberry and juicy lychee with functional ingredients including lively 🦁lion's mane🦁 and soothing saffron to balance flavors… pic.twitter.com/lnnviXcjmn
The sale of Perry’s music catalog can be beneficial for both parties in this case. The company, Litmus Music, is excited to demonstrate that they can hold Perry’s music in good standing. With her iconic, well known songs, it shows the team’s ability to partner with the world’s top artists. Not only is Katy Perry’s music a massive success, it has a significant impact on pop culture itself.
Since 2018, Carlyle Global Credit has deployed more than 3 billion in sports, media, and the entertainment space. Carlyle Global Credit helps to create the structure of financial solutions for partners and artists when selling their music catalogs.
Other artists who have sold their music catalogs alongside Katy Perry include Paul Simon, Sarah McLachlan, Metro Boomin, Justin Bieber, Dr. Dre, Keith Urban, Avicii, Future, Justin Timberlake, Sting, Neil Diamond, and many more.
