Popular American singer, Katy Perry has sold her music catalog to Litmus Music, a catalog rights company, in exchange for $225 million.
The deal includes Perry’s stakes in master recordings and publishing rights for the five albums released between 2008 and 2020 — “One of the Boys,” “Teenage Dream,” “PRISM,” “Witness,” and “Smile.”
The artist had five chart-topping songs from her 2010 album “Teenage Dream.”
Litmus Music launched in 2022, with a $500 million investment from Carlyle’s Global Credit Platform, and has its first top asset in December, purchasing Keith Urban’s rights to his master recordings.
Speaking about the sale, McCaroll said: “Katy Perry is a creative visionary who has made a major impact across music, TV, film, and philanthropy. I’m so honored to be partnering with her again and to help Litmus manage her incredible repertoire.”
Litmus co-founder and CEO Hank Forsyth said “Katy’s songs are an essential part of the global cultural fabric. We are so grateful to be working together again with such a trusted partner whose integrity shines in everything that she does.”
“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,” managing director at Carlyle, Matt Settle added.
Justin Bieber also sold his music catalog to Hipgnosis Songs Capital for $200 million.
