Katy Perry sells her entire catalog to Litmus Music for $225 million

[CentralCJ]

Billboard reports that 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, Witnessand Smile. Litmus declined to comment on the deal terms.

Hank Forsyth, Litmus co-founder and chief executive officer, called Perry’s “essential” songs “part of the global cultural fabric.”

“We are so grateful to be working together again with such a trusted partner,” said Forsyth, an industry veteran previously of Warner Chappell and Blue Note”.

“We believe this is a testament to the team’s ability to partner with the world’s top artists. Katy’s iconic songs have not only achieved outstanding commercial success but have significantly influenced popular culture,” - Matt Settle, managing director at Carlyle.

https://t.co/Q3jm40mFWF

[Wendy Williams]

I wouldn't even give $1 for her stuff

[Pinky98]

So will they now receive all royalties for the songs being played on the radio, Spotify, Apple Music, in films and shows, etc?

Not sure that’s such a good idea unless she’s retiring. Imagine touring and the new owners telling you that you can’t play your own songs 

Edited September 18, 2023 by Pinky98

[Dodoo00]

32 minutes ago, Pinky98 said:

So will they now receive all royalties for the songs being played on the radio, Spotify, Apple Music, in films and shows, etc?

Not sure that’s such a good idea unless she’s retiring. Imagine touring and the new owners telling you that you can’t play your own songs 

She can't hear you over the 225 Millions she got !

[Sia]

1 hour ago, DeleteMyAccountASAP said:

I wouldn't even give $1 for her stuff

You can't give her what you don't have. 

[Wendy Williams]

Just now, Sia said:

You can't give her what you don't have. 

You're right, I don't have $1, but another currency.

[Sia]

3 minutes ago, DeleteMyAccountASAP said:

You're right, I don't have $1, but another currency.

Guess that Monopoly money comes in handy. 

[Wendy Williams]

4 minutes ago, Sia said:

Guess that Monopoly money comes in handy. 

Sweetie, we haven't $ in Europe

[Style.]

She made the right move; it’s not as if she’s thriving or anything. 

[Danielle1987]

Smart on her. 

[Mayenaise]

I think Britney should do the same tbh for many reasons

[Dama Etro]

At this point of her career, this is a good decision (assuming that she gets the whole 225 million for herself). I don't see her getting a big hit anymore.

One thing that is not quite clear is: Does she have to "pay" to use her own songs for a concert / residency now (as in, giving them a big cut of the revenue)?

[RBFLOVESBRITNEY]

I think this is terrible decision honestly. The only artists that should be selling their catalogs should be over 65/70. She still has a lot of time left and will probably be frustrated when in 5 years she cant perform any of her old stuff without paying for it. 
 

$225m is a nice chunk of change but she basically is saying Im retiring and giving away her rights. 
 

and as far as Brit doing this I hope not. Long term gains over short term wins, this will comeback to bit katy and biebs in their aß

[Baronesse]

Rich legend

Hope this doesn't mean she's retiring though

[Style.]

2 minutes ago, RBFLOVESBRITNEY said:

I think this is terrible decision honestly. The only artists that should be selling their catalogs should be over 65/70. She still has a lot of time left and will probably be frustrated when in 5 years she cant perform any of her old stuff without paying for it. 
 

$225m is a nice chunk of change but she basically is saying Im retiring and giving away her rights. 
 

and as far as Brit doing this I hope not. Long term gains over short term wins, this will comeback to bit katy and biebs in their aß

If she’s waiting until she’s 70, her discography might not be worth even half of 225 million. I agree she’s got great pop songs, but let’s not act as if she’s a Madonna. 

[Wendy Williams]

25 minutes ago, Style. In Moscow said:

She made the right move; it’s not as if she’s thriving or anything. 

*There's nothing to stand for anyway

[Wendy Williams]

7 minutes ago, Baronesse said:

Hope this does mean she's retiring though

 

Edited September 18, 2023 by DeleteMyAccountASAP

[Style.]

4 minutes ago, DeleteMyAccountASAP said:

*There's nothing to stand for anyway

 

[Wendy Williams]

1 minute ago, Style. In Moscow said:

 

Let's ask an important question - how would this sound if she were talking about the users here?

[Baronesse]

59 minutes ago, DeleteMyAccountASAP said:

 

Hope she keeps feeding us iconic bops like the underrated Smile, Never Really Over, Champagne Problems, Tucked