- Katy Perry is an American singer and songwriter
- She just sold her entire musical catalogue
- THIS is how much she sold it all for
After many years in the spotlight, Katy has made a big money move by signing off the rights to her music. Perry has just sold off her entire music catalogue to Litmus Music for a reported $225 million. Talk about a paycheque!
The acquisition backed by Carlyle Group LP, entails the rights to her five albums released between 2008 and 2020. These albums include 'One of the Boys', 'PRISM', 'Witness', 'Smile', and the very popular and Grammy-nominated 'Teenage Dream'.
And she's not the first celeb to make the same big money move! Perry’s catalogue sale was finalized earlier this year, right after Justin Bieber’s $200-million sale to Hipgnosis Songs Capital. For fans, the news means validation for an amazing career.
Katy is ready to kick back with her fortune
The fact is, this move was a long time coming. Kicking off her career in 2008, Perry boasts a total of nine No. 1s on the Billboard Hot 100, including her credit as the first woman to ever have five songs from the same album top the chart.
Managing director at Carlyle, Matt Settle, seemed to be very happy and proud about the move, taking note of the company’s ability to partner with world’s top artists. "Katy’s iconic songs have not only achieved outstanding commercial success but have significantly influenced popular culture," Settle said of the singer.
According to 'Deadline', Litmus Music is a venture co-founded by Capitol Records president Dan McCarroll and financed by The Carlyle Group. "Katy Perry is a creative visionary who has made a major impact across music, TV, film, and philanthropy,” McCarroll said in a statement. "I’m so honored to be partnering with her again and to help Litmus manage her incredible repertoire."
Since being operational in August 2022, Litmus has acquired publishing and recording rights of artists from a range of genres. And now, they have their sights set on making more money from Katy's music for years to come.
For any future albums that Katy will produce, the rights will still remain with the artist, and perhaps in another few years, she will be selling another part of her catalogue again.
"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," said Matt Settle.