Katy Perry Sells Music Catalog To Carlyle’s Litmus For $225 Million – Deadline
Katy Perry has bought her music rights to Litmus Music, a enterprise co-founded by Capitol Data president Dan McCarroll and financed by The Carlyle Group.
The deal covers all 5 of her studio albums, together with 16 multi-platinum singles. Carlyle introduced the deal, value a reported $225 million, in the present day.
In keeping with Carlyle, the partnership firm’s partnership with Perry “has its roots in Litmus Co-Founder and Chief Inventive Officer Dan McCarroll’s longstanding working relationship” with the singer, which started in 2010 when McCarroll was named President of Capitol Data.
“Katy Perry is a artistic visionary who has made a significant influence throughout music, TV, movie, and philanthropy,” McCarroll mentioned in a press release. “I’m so honored to be partnering together with her once more and to assist Litmus handle her unimaginable repertoire.”
Hank Forsyth, Co-Founder and Chief Government Officer of Litmus Music, known as Perry’s songs “a necessary a part of the worldwide cultural cloth,” whereas Matt Settle, Managing Director at Carlyle, mentioned, “We’re so grateful to be working collectively once more with such a trusted companion whose integrity shines in all the pieces that she does.”
In July, American Idol introduced that Perry would return for a seventh season as a choose on the ABC expertise present, which airs this spring.
Perry’s 5 studio albums coated within the deal had been launched between 2008 and 2020: “One of many Boys,” “Teenage Dream”, “Prism,” “Witness” and “Smile.” Common Music Group owns the masters to these albums.
