December 9, 2023

Firenewz

Fire Latest News Provider

katy perry: Katy Perry’s $225-million Music Catalog Rights Deal: All you may want to know#katy #perry #Katy #Perrys #225million #Music #Catalog #Rights #Deal



Katy Perry has sold her music rights to Litmus Music, a company co-founded by Capitol Records President Dan McCarroll and backed by The Carlyle Group. This deal includes all five of her studio albums and 16 multi-platinum singles. The reported value of the deal is $225 million, as announced by Carlyle.

Carlyle revealed that the connection between Litmus Music and Katy Perry stems from Dan McCarroll’s long-standing working relationship with the singer, which began in 2010 when he became President of Capitol Records.

In a statement, Dan McCarroll expressed his honor at partnering with Katy Perry again, describing her as a creative visionary, who has made a significant impact across music, TV, film, and philanthropy. He also mentioned his excitement about helping Litmus Music manage her impressive repertoire.

Hank Forsyth, Co-Founder and Chief Executive Officer of Litmus Music, emphasized that Katy Perry’s songs are an integral part of global culture. Matt Settle, Managing Director at Carlyle, expressed gratitude for working with such a trusted partner known for her integrity.

It’s worth noting that Katy Perry is set to return as a judge for the seventh season of American Idol, which airs in the upcoming spring.

The five studio albums covered in this deal were released between 2008 and 2020 and include “One of the Boys,” “Teenage Dream,” “Prism,” “Witness,” and “Smile.” Universal Music Group retains ownership of the masters for these albums.

FAQs

Why did Katy Perry decide to sell her music catalog rights to Litmus Music?
Katy Perry sold her music catalog rights to Litmus Music due to her longstanding working relationship with Litmus Co-Founder Dan McCarroll, who has been a trusted partner since he became President of Capitol Records in 2010.

What albums are included in the deal, and who owns the masters to Katy Perry’s music?
The deal covers Katy Perry’s five studio albums released between 2008 and 2020: “One of the Boys,” “Teenage Dream,” “Prism,” “Witness,” and “Smile.” The masters of these albums are owned by Universal Music Group.

Disclaimer Statement: This content is authored by a 3rd party. The views expressed here are that of the respective authors/ entities and do not represent the views of Economic Times (ET). ET does not guarantee, vouch for or endorse any of its contents nor is responsible for them in any manner whatsoever. Please take all steps necessary to ascertain that any information and content provided is correct, updated, and verified. ET hereby disclaims any and all warranties, express or implied, relating to the report and any content therein.



#katy #perry #Katy #Perrys #225million #Music #Catalog #Rights #Deal

Strategies for landing your ideal mba job. All top uae news in one. Both the injured security guards and kwasi emma are receiving treatment at the agroyesom government hospital.