Katy Perry sold a portion of her music stock to Carlyle Group’s Litmus for $225 million

09/19/2023 – NoticiasCave.net

The songs from the album ‘Smile’ are included in the rights sale deal with Katy Perry’s Litmus,

singer and songwriter katy perry Sold a large portion of the rights to his songs to a music rights firm litmusmusicCo-founded by the president of Capitol Records, dan mccarrolland funded by Carlyle Group,

The agreement, which amounts to $225 million and covers her five studio albums released between 2008 and 2020, includes 16 singles that were published separately. Included in the deal are Perry’s albums ‘One of the Boys’, ‘Teenage Dream’, ‘Prism’, ‘Witness’ and ‘Smile’. The masters of those albums are from Universal Music Group.

Carlyle announced the agreement in a press release yesterday, noting that the agreement with Litmus Music has its roots in the long-standing working relationship between Litmus co-founder and creative director Dan McCarroll and Perry, which began in 2010. when he was named. President of Capitol Records.

“Katy Perry is a creative visionary who has had a significant impact on music, television, film and philanthropy.” McCarroll commented in the statement, “I am so honored to partner with him again and help Litmus manage its incredible displays.”

hank forsythThe co-founder and CEO of Litmus Music described Perry’s songs as “An essential part of the global cultural fabric”Whereas matt settleCarlyle’s CEO said: ‘We are very grateful to be working together again with such a trusted partner whose genius is integrity in everything he does.