celeb news Katy Perry sells her music catalog for $225M

[Feanor]

Quote

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.

 

 

Edited September 18, 2023 by Feanor

[KatyPrismSpirit]

Get that bag queen 

 

Who needs masters anyways

[sunbathinganimal]

think of all the Twitter likes she could buy with that

[lacy]

Did no one tell litmus it's on spotify for free?

 

Edited September 18, 2023 by lacy

[Riot]

Streets are saying that $200M were just for Waking Up in Vegas

[Kayseri Mantisi]

[Badgalbriel]

Well, she had to do it eventually. Her music career is just not making any more money. 

[Johnny Jacobs]

Oh wowwww

 

Get money queen

[OnlyManInTheWorld]

Her family is set for generations

[Mordecai]

3 minutes ago, Badgalbriel said:

Well, she had to do it eventually. Her music career is just not making any more money. 

What are you talking about  She's got more classics from anyone else this gen besides Rihanna, the licensing opportunities are endless

 

OT: She sold the rights to an album she released 3 years ago  she really doesn't care about music anymore does she

[Illuminati]

She saw the shoes were getting more likes on Twitter than her music ever did and decided to retire

[DawnAnti]

Deserves more but get that money queen and give us kp6 

[DawnAnti]

3 minutes ago, Illuminati said:

She saw the shoes were getting more likes on Twitter than her music ever did and decided to retire

I mean if i was as rich as her , and have as much legacy as she has i would retire as well

[luckythisway]

She saw her Vegas boxscores & had to come up with sumn quick nnn

Edited September 18, 2023 by luckythisway

[Janet]

Isn't that incredibly generous? Like will the investor ever see a profit?

[JorgeM]

19 minutes ago, KatyPrismSpirit said:

Get that bag queen 

 

Who needs masters anyways

She is not selling masters because she doesn’t own them, she is selling publishing and the 20% of the revenue that master owners have to pay to recording artist 

[chiliam]

 i mean she has hits, she has classics, but still 225m is insane for her catalouge

so Katy`s 1st five album almost valued the same as Taylor 1st six albums ( it was 300m but it`s for the whole Big Machine label which i think Taylor`s part is around 250m)

 

[hausofdave]

a Teenage Dream indeed 

[Assassin]

seems too little seeing the amount of #1 hits she has.

[hétérosexuelle]

I recommend customers to await the discounts!

 

[iknowplaces]

litmus got ripped off 

[thismoment]

KP6 payola has been secured 

[Galah]

On one hand, get money queen... on the other hand, it's clear she really doesn't care about her music career in that way or she'd never sell. I couldn't imagine it. It'd be like selling my child. But to each their own.

[Assassin]

33 minutes ago, Feanor said:

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.

So she still has rights to Katy Hudson and The Matrix.

[popmusicisdead]

she'll use that money to buy out real estate from nuns and the elderly