Katy Perry is the newest singer to sell-off their music catalogue.
In line with Deadline, Perry offered her music rights to Litmus Music, which was co-founded by Capitol Information president Dan McCarroll. Perry is at present signed to Capitol Information.
The deal for her catalogue was reportedly for $225 million and it consists of her 5 albums and hit singles like “Teenage Dream,” “Darkish Horse” and “Roar.”
In an announcement, McCarroll referred to as Perry a “visionary” and spoke on her influence in widespread tradition.
“Katy Perry is a artistic visionary who has made a significant influence throughout music, TV, movie, and philanthropy. I’m so honored to be partnering together with her once more and to assist Litmus handle her unimaginable repertoire,” he mentioned.
Co-founder and CEO of Litmus Music, Hank Forsyth, shared related sentiments about Perry’s influence on world tradition.
“Katy’s songs are a necessary a part of the worldwide cultural material. We’re so grateful to be working collectively once more with such a trusted associate whose integrity shines in every thing that she does,” he mentioned.
Perry isn’t the one pop star to lately promote their catalogue for a hefty sum. Justin Bieber offered his music catalogue for $200 million in January 2023.
READ MORE: Why Did Justin Bieber Promote His Music Catalog?
On the time Bieber offered his catalogue, Bieber’s supervisor, Scooter Braun, shared that the explanation the pop star offered it was to “protect and develop this wonderful legacy,” based on Billboard.
The publication went on to notice that Bieber didn’t promote his grasp recordings, however he solely offered his publishing and artist royalties.
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