Litmus Music announced Monday that it has purchased the rights to Katy Perry’s catalog for an eye-watering $225 million.
The deal includes the rights to some of Perry’s most popular chart-topping songs, including 2010’s “Teenage Dream,” the newspaper said. signboard. Litmus Music is a catalog rights company backed by private equity firm Carlyle Group LP. The deal included acquiring the rights to five studio albums Perry released with Capitol Records between 2008 and 2020. The deal was completed earlier this year, but news of the big deal is only now emerging.
Katy Perry has sold all of her music rights to Litmus Music for $225 million, according to multiple sources. The sale includes all five of Perry’s albums released from 2008 to 2020.
The deal does not include any future music that Perry has hinted would be released soon. pic.twitter.com/ccDewLQO7N
— Breakfast TV (@breakfasttv) September 19, 2023
According to Billboard, the five albums included in the deal are “One of the Boys,” “Teenage Dream,” “Prism,” “Witness,” and “Smile.” The exact terms of the agreement between Perry and Litmus were not disclosed at this time.
Perry’s big hit single “I Kissed A Girl” was released in July 2008 and rose to the top of the charts. A total of 5 of her songs from her 2010 album “Teenage Girlfriend Dream” ranked at the top of the music charts, and this artist earned her 1st place on the Billboard Hot 100 a total of 9 times. . Her success came unexpectedly. It was a time when competition in the female pop star category was fierce.
Perry’s music rivaled that of Lady Gaga, Beyoncé, Taylor Swift, and even Adele and Rihanna, who all released chart-topping hits around the same time.(Related: Justin Bieber sells rights to entire catalog of incredible figures)
Perry’s success was unprecedented, making her the first female artist and only second artist in history to have five songs from the same album on the Hot 100. According to Billboard, Michael Jackson was the first to achieve this honor.
“California Gurls,” “Firework,” “ET,” “Last Friday Night (TGIF),” and “Teenage Dream” were Perry’s biggest hits included in the Litmus deal.
