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

[Assassin]

3 minutes ago, Melancholy said:

highly doubt she has stakes in The Matrix album lmao

she has writing credits on some of the songs. 

[Mystical]

So her family is basically set for generations, good for ha   Not every artist is supposed to be obsessed with owning their masters  

[FOCK]

14 minutes ago, Rv1709 said:

It’s so hard for me to digest that some artists are fighting tooth and nail to own their work while some just sell it away like this? Shows who is the true artist and who is manufactured 

It’s ultimately a more lucrative option for bigger artists to sell for a large upfront sum, which they likely would’ve calculated is worth more than accumulative stream payouts in their lifetime + weighed up against the current dollar. Streaming is pennies, comparatively. Also, $225m is worth more now than it will be later. 
 

This isn’t the case for smaller artists or those that generate immense wealth through other ventures, like make up or sponsorship deals. No one is shilling out millions for the catalogue of smaller artists, so they rely on maximising their stream revenue, though the the shifting trends in music consumption, play-listing & streaming revenue payouts are only going to make this even harder for them as platforms grow more stingy/vie for more control. 
 

Basically, the writing’s on the wall. 

Edited September 18, 2023 by FOCK

[LoveInStereo]

My mind goes to the CATalog box set. She rly knew that was her last opportunity to do anything for the fans with Witness or Smile & she said **** it. I wouldn’t be shocked if she retires. She def hasn’t been energized by her pop career in a very long time

Edited September 18, 2023 by LoveInStereo

[Rep2000]

15 minutes ago, Rv1709 said:

It’s so hard for me to digest that some artists are fighting tooth and nail to own their work while some just sell it away like this? Shows who is the true artist and who is manufactured 

Some artists like Bruce Springsteen would like to sell away the burden of managing their catalogue while they are still alive so their children would not suffer from such a huge responsibility. Also to avoid situation like the Marvin Gaye estate who just lives off his works.
But Katy's latest work is just a couple years ago And now she already has no control over it Like...

Edited September 18, 2023 by Rep2000

[Melancholy]

3 minutes ago, Assassin said:

she has writing credits on some of the songs. 

but if she did own any of it, wouldnt she be able to block the release back then?

[imabadkid]

16 minutes ago, Rv1709 said:

It’s so hard for me to digest that some artists are fighting tooth and nail to own their work while some just sell it away like this? Shows who is the true artist and who is manufactured 

lol girl it has nothing to do with art... streaming has literally killed music. the music industry is in shambles rn hence everyone chasing TikTok hoping that will somehow become the thing to save music. artists who are selling now are smart because the current streaming model doesn't work and behind the scenes labels are trying to find smth new that will generate more $$$$ so how long this current model of streaming will be around no one knows and no one knows if the next model will be any better for artists.

[navykesha]

Omg she gonna retire u

[airplane]

Gotta respect the hustle. She’s been musically washed up for a while now but still keeps her bag heavy by being a judge, shoe seller and now this 

Edited September 18, 2023 by airplane

[perpetual novice]

1 hour ago, Janet said:

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

the goal of the investor probably isn't to profit on the individual catalogues they buy but to sell the entire portfolio of artists they have to someone else for a profit

[Valentine]

Wow 

 

Get money queen, it’s been really fun. 
 

Edited September 18, 2023 by Valentine

[Darkgalord]

Orlando Bloom is set for life. 

Good for them. 

[Walk_Away21]

1 hour ago, Badgalbriel said:

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

She literally just made $225 million while your brokeass is posting for free on ATRL. If you are gonna drag her making that much money, at least make some sense.

[Mordecai]

12 minutes ago, Rep2000 said:

The licensing opportunity is what she just sold away, sis.

She literally sold away every control she has over her music and her legacy omg.

OP suggested there was no money to be made from her music when it's the exact opposite  she didn't make $225mil from the deal for nothing

[FENTY.]

So now she’ll be making money from songwriting credits only as if she gave these songs to other artists? 
 

Thats crazy

[Timeless]

Wow she's actually retiring 

I mean... this makes sense. Her popularity is declining and the daily streams are getting lower & lower so might as well cash out while she still can.

Edited September 18, 2023 by Timeless

[XxxKatyCatxxX]

Businesswoman for a reason.  

[Gaia]

33 minutes ago, favorite crime said:

It doesn't make sense for an artist that's past their peak to not sell their music catalogue. All Katy loses is the right to choose where her music gets licensed but she'll easily make more from this deal than she would ever make from her catalogue in the next 50+ years. Especially considering her music is not exactly gaining popularity with time like say Lana

She has a viral song on tiktok like every week  

[By the Water]

People just finding out not everyone cares about owning their work  Like, that’s a lot of money

[hummingbird12]

Why do some people ignore her fairly good numbers today? She'll cross 2B spotify streams in 2023 without any new songs and major push in the last 2 years. Her catalogue is pulling huge numbers considering her peak was around 2014/2015. 

 

I think this was a good step for her as it opens new opportunities for younger generations to get to know her as music will now be more included in films, series etc. This can backfire ofc with songs such as IKAG or TGIF.

 

But yeah, for us 100 fans left, this really means she is done making music on a level she did 2008-2014. 

[spiritboy]

Lots of artists who sell their catalogue still tour and release music. It doesn’t mean retirement. 
 

How many albums does Katy have in her deal with Capitol? 

[Shimenawa]

She knows it's a wrap for her

[Squall]

35 minutes ago, Mystical said:

So her family is basically set for generations, good for ha   Not every artist is supposed to be obsessed with owning their masters  

It’s not about masters though.

[Darkgalord]

She won't be getting royalties from writing credits anymore, right? This is why she's getting paid this big amount of money. When artists sell their catalogs, they sell absolutely everything. Is this correct?

[KMO]

Streets saying that’s just for Witness title track alone