Connect with us

Hi, what are you looking for?

Entertainment

Katy Perry Inks $225 Million Deal with Litmus Music for Catalog Rights

The Big Deal

After months of speculation, Katy Perry has sold her music rights to Litmus Music, a company backed by Carlyle, in a staggering $225 million deal.

What’s Included in the Deal?

Advertisement

This significant agreement encompasses Perry’s ownership of master recordings and publishing rights for her five albums released between 2008 and 2020: “One of the Boys,” “Teenage Dream,” “Prism,” “Witness,” and “Smile.” However, Universal Music Group retains ownership of the master recordings for these albums.

Katy’s Evolving Career

Advertisement

Once a major superstar during the 2010s, Katy Perry has since redirected her career towards Las Vegas residencies, philanthropy, and building a family with actor Orlando Bloom.

Litmus Music’s Rise

Litmus Music, which emerged in the summer of 2022, made its initial significant move in December of the same year by acquiring Keith Urban’s master recording rights.

Advertisement

Words from the Key Players

Leaders from Litmus Music and Carlyle share their thoughts on the deal and what it means for the music industry.

Katy Perry: A Creative Visionary

Advertisement

McCarroll, Litmus Music’s representative, expresses his excitement at collaborating with Katy Perry again and managing her incredible body of work.

Katy’s Cultural Impact

CEO Hank Forsyth acknowledges Katy Perry’s songs as a vital part of global culture and highlights the value of working with such a trusted partner. Matt Settle, Managing Director at Carlyle, discusses how this agreement showcases their team’s ability to partner with top artists and acknowledges the lasting influence of Katy’s iconic songs. A glimpse into how Carlyle Global Credit facilitated this partnership and their expertise in structuring financial solutions for artists and partners.

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

All Episodes

DECEMBER 10TH, 2024 (LIVE STREAM) … On this episode of#wakeupnigeriaontvc, the hosts dive into the day’s top stories, providing in-depth commentary and discussions on...

All Episodes

Nigerian singer/producer Young Jonn objected to his exclusion from the conversations about the best musicians in the country. He stated that he is often...

All Episodes

Join us on eSplash as we dive into the latest movie releases hitting the big screen! From blockbuster hits to hidden gems, we’ve got...

All Episodes

Welcome to eSplash’s Tuesday edition! Join us as we bring you the latest in entertainment, celebrity news, and trending topics. From movie updates to...

Copyright © TVCCommuniation owner of TVC Entertainment