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Perry_ish the thought?!…..Katy Perry sells music catalog for $225m……..
Posted by: NewtonMP2100
Date: September 18, 2023 09:09AM
…..to Carlyle Group’s Litmus Music…..


Katy Perry Sells Catalog Rights to Litmus Music for $225 Million

.....After months of rumors, Katy Perry has sold her music rights to Litmus Music, the Carlyle-backed company announced Monday; multiple sources put the price at $225 million. The deal includes Perry’s stakes in master recordings and publishing rights for the five albums she released between 2008 and 2020: “One of the Boys,” “Teenage Dream”, “Prism,” “Witness” and “Smile.” Universal Music Group continues to own the masters to those albums.

After years as a major superstar during the 2010s, Perry has slowed her career, focusing on residencies in Las Vegas, philanthropy work and raising a family with her partner, actor Orlando Bloom.

Litmus launched in the summer of 2022 and made its first major acquisition the following December, buying Keith Urban’s rights to his master recordings.

McCarroll 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.”

Co-founder and CEO Hank Forsyth added, “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,” said Matt Settle, Managing Director at Carlyle.

Carlyle Global Credit has invested capital for this partnership from its Credit Opportunities strategy, and has deployed more than $3 billion in and around the sports, media, and entertainment space since 2018. Carlyle Global Credit brings to the table the ability to structure bespoke financial solutions for partners and artists.........



……sold…………..?!



_____________________________________

I reject your reality and substitute my own!



Edited 1 time(s). Last edit at 09/18/2023 04:52PM by NewtonMP2100.
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Re: Perry_ish the thought?!…..Katy Perry sells music catalog for $225m……..
Posted by: Fritz
Date: September 18, 2023 10:12AM
what music?



!#$@@$#!

composed with both pinkie toes

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Re: Perry_ish the thought?!…..Katy Perry sells music catalog for $225m……..
Posted by: wurm
Date: September 18, 2023 10:14AM
Quote
Fritz
what music?

Ha ha.
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Re: Perry_ish the thought?!…..Katy Perry sells music catalog for $225m……..
Posted by: Lux Interior
Date: September 18, 2023 10:53AM
Quote
Fritz
what music?

old fogey smiley Old Fogette
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Re: Perry_ish the thought?!…..Katy Perry sells music catalog for $225m……..
Posted by: robfilms
Date: September 18, 2023 01:03PM
how do you make kate perry's music pay off to the tune of $225mil + interest?

thumbs up.

rob
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Re: Perry_ish the thought?!…..Katy Perry sells music catalog for $225m……..
Posted by: Fritz
Date: September 18, 2023 01:13PM
easy peasy. find 20M music fans and sell them 1 CD each.
Just not a Katy CD.
I'm sure there is a stockpile of unsold Milli Vannili CDs somewhere in an Arista warehouse or at the bottom of a turtle tank.

And yes, just coz I have one foot in the grave doesn't make that fluff any less fluffy.

Hope she isn't gonna use the $ to defend her ex (not the twitter X).



!#$@@$#!

composed with both pinkie toes

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Re: Perry_ish the thought?!…..Katy Perry sells music catalog for $225m……..
Posted by: jonny
Date: September 18, 2023 01:47PM
30 years from now is anyone really going to be interested in buying her music for movies or commercials? Think back 30 years of all the s#itty forgettable pop bands, and imagine giving them hundreds of millions for their catalogs.
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Re: Perry_ish the thought?!…..Katy Perry sells music catalog for $225m……..
Posted by: N-OS X-tasy!
Date: September 18, 2023 04:28PM
Quote
jonny
30 years from now is anyone really going to be interested in buying her music for movies or commercials? Think back 30 years of all the s#itty forgettable pop bands, and imagine giving them hundreds of millions for their catalogs.

Exactly. Very smart of her to make this deal now.



It is what it is.
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