Current:Home > MyRobert Brown|Katy Perry sells music catalog to Litmus Music for reported $225 million -Quantum Capital Pro
Robert Brown|Katy Perry sells music catalog to Litmus Music for reported $225 million
SafeX Pro View
Date:2025-04-07 21:00:38
Katy Perry is Robert Brownno longer chained to the rhythm.
On Monday, Litmus Music announced that the pop star sold her catalog for a reported $225 million, according to Variety and Billboard.
The deal includes Perry's stakes in master recordings and publishing rights to her five studio albums released under Capitol Records: breakthrough album "One of the Boys"; the hit-spawning "Teenage Dream” and "Prism"; the divisive "Witness"; and the motherhood-inspired "Smile." Those albums feature Perry’s nine No. 1 hits on the Billboard Hot 100, including "Firework," "California Gurls" and "I Kissed a Girl."
Litmus is a music rights company co-founded by former Capitol Records president Dan McCarroll.
"Katy Perry is a creative visionary who has made a major impact across music, TV, film, and philanthropy," McCarrell said in a statement obtained by USA TODAY. "I'm so honored to be partnering with her again and to help Litmus manage her incredible repertoire."
"Katy's songs are an essential part of the global cultural fabric," Litmus co-founder Hank Forsyth continued in a press release. "We are so grateful to be working together again with such a trusted partner whose integrity shines in everything that she does."
USA TODAY has reached out to Perry's representative for comment.
Perry, 38, has been waking up in Vegas since late 2021, when she opened her candy-colored "Play" concert in Sin City. She wraps the Las Vegas residency in November and will next return as a judge on Season 22 of "American Idol."
The Grammy-nominated superstar is the latest in a long line of artists to recently sell off their catalogs. Bruce Springsteen, Justin Bieber, Bob Dylan, Shakira and Paul Simon are just a few of the A-list singers who have made headlines with multimillion-dollar deals for their music rights.
"(Artists) know this may not last forever," Lisa Alter, founding partner of Alter Kendrick and Baron, previously told USA TODAY. "Buyers may run out of money. And it makes a lot of sense for someone later in their career. Why not enjoy (the money) while I can? It can also create a simpler situation for heirs that they’re just inheriting money. And younger artists are looking at (the trend) and saying, my work is generating significant income today, so why not get the money now while my work is really hot?"
Katy Perry trial:Alongside Orlando Bloom, couple heads to trial after man claims he sold them his home while medicated
Contributing: Melissa Ruggieri
veryGood! (2)
Related
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- Suit up: Deals on Halloween costumes among Target Circle Week deals for Oct. 6-12
- Groups work to engage young voters in democracy as election processes come under scrutiny
- Judge orders US government to leave Wisconsin reservation roads open
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- The Best New Beauty Products September 2024: Game-Changing Hair Identifier Spray & $3 Items You Need Now
- Selma Blair’s 13-Year-Old Son Arthur Is Her Mini-Me at Paris Fashion Week
- Helene makes landfall in northwestern Florida as a Category 4 hurricane
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- Former Denver Broncos QB John Elway revealed as Leaf Sheep on 'The Masked Singer'
Ranking
- Meta donates $1 million to Trump’s inauguration fund
- Texas official indicted, accused of making fake social media posts during election
- Glock pistols are popular among criminals because they’re easily modified, report says
- Focus on the ‘Forgotten Greenhouse Gas’ Intensifies as All Eyes Are on the U.S. and China to Curb Pollution
- Grammy nominee Teddy Swims on love, growth and embracing change
- How Shania Twain Transformed Into Denim Barbie for Must-See 2024 People's Choice Country Awards Look
- Why Comedian Matt Rife Wants to Buy The Conjuring House
- Watch Prince Harry Lose His Cool While Visiting a Haunted House
Recommendation
Stamford Road collision sends motorcyclist flying; driver arrested
California governor signs law increasing penalty for soliciting minors to a felony
How RHOC's Shannon Beador Is Handling Ex John Jansson's Engagement to Her Costar Alexis Bellino
US resumes hazardous waste shipments to Michigan landfill from Ohio
Tom Holland's New Venture Revealed
Titan implosion hearing paints a picture of reckless greed and explorer passion
Why Comedian Matt Rife Wants to Buy The Conjuring House
Georgia-Alabama showdown is why Bulldogs quarterback Carson Beck chose college over the NFL