Teletubby 145,426 Posted September 18, 2023 Share Posted September 18, 2023 Litmus Music, a catalog rights company backed by private-equity giant Carlyle Group LP, said on Monday (Sept. 18) it acquired the rights to Katy Perry’s five studio albums released for Capitol Records, including her Grammy-nominated Teenage Dream. According to sources, Litmus paid $225 million for Perry’s stake in the master recording royalties and music publishing rights to her five albums released between 2008 and 2020—One of the Boys, Teenage Dream, PRISM, Witness and Smile. Universal Music Group continues to own the masters to those albums. Launched in August 2022 with a $500-million-investment from Carlyle’s Global Credit Platform, Litmus has acquired publishing and recording rights of artists from a range of genres, including Keith Urban‘s master recordings and a package of publishing and performance copyrights from super producer benny blanco. source source "You b*tch!" ~ Rat Boy Link to post Share on other sites More sharing options...
swakby 4,100 Posted September 18, 2023 Share Posted September 18, 2023 inb4 Katy’s versions incoming. Link to post Share on other sites More sharing options...
Guest Posted September 18, 2023 Share Posted September 18, 2023 Is she done with music? Link to post Share on other sites More sharing options...
FATCAT 59,900 Posted September 18, 2023 Share Posted September 18, 2023 6 minutes ago, Agunimon said: Is she done with music? I'm going to guess she's either in a dire financial situation (unlikely) or she doesn't think her past catalog will sell for higher than it is right now This kitten over here (meow) Link to post Share on other sites More sharing options...
littlepotter 74,830 Posted September 18, 2023 Share Posted September 18, 2023 Damn that's a lot of money. I wouldn't think her catalogue would earn this much going forward so I wonder what made them decide it's worth the investment chaeri pls Link to post Share on other sites More sharing options...
Levine 23,516 Posted September 18, 2023 Share Posted September 18, 2023 225M is a great deal for a catalog that won't sell anything in a few years. Good job Katy! Link to post Share on other sites More sharing options...
LateToCult 40,781 Posted September 18, 2023 Share Posted September 18, 2023 And when Gaga sells her catalog to have greater liquid assets to invest into Haus Labs, what then? Link to post Share on other sites More sharing options...
bionic 48,511 Posted September 18, 2023 Share Posted September 18, 2023 22 minutes ago, FATCAT said: I'm going to guess she's either in a dire financial situation (unlikely) or she doesn't think her past catalog will sell for higher than it is right now tax planning is also a BIG factor, esp with changes the Biden admin are trying to push (have pushed??) stream bionic Link to post Share on other sites More sharing options...
Dennis 8,391 Posted September 18, 2023 Share Posted September 18, 2023 31 minutes ago, littlepotter said: Damn that's a lot of money. I wouldn't think her catalogue would earn this much going forward so I wonder what made them decide it's worth the investment I constantly hear Last Friday Night. I think her older hits are still popular. Link to post Share on other sites More sharing options...
Mother of Puppies 36,266 Posted September 18, 2023 Share Posted September 18, 2023 THEY CALL ME LADY MOP Link to post Share on other sites More sharing options...
LilMonst3r 5,415 Posted September 18, 2023 Share Posted September 18, 2023 Somehow I feel that in the ling run this will make them so much money. Katy has some iconic songs. Artists don't make much in music sales because of the contracts they are under but im sure once you sell the catalog and don't have those contracts splitting profits, this could be very profitable. Link to post Share on other sites More sharing options...
nATAH 46,872 Posted September 18, 2023 Share Posted September 18, 2023 what happens when artists do this? do they lose all control of their music? mother, what must i do? Link to post Share on other sites More sharing options...
bionic 48,511 Posted September 18, 2023 Share Posted September 18, 2023 3 minutes ago, NATAH said: what happens when artists do this? do they lose all control of their music? She's basically exchanging the lifetime of royalties for an upfront lump sum. She still controls the music AFAIK (or at least she controls it as far as she did beforehand) stream bionic Link to post Share on other sites More sharing options...
Epione 10,896 Posted September 18, 2023 Share Posted September 18, 2023 Gaga should do this too and funnel all the money to Haus Labs. Link to post Share on other sites More sharing options...
Bolkins 4,124 Posted September 18, 2023 Share Posted September 18, 2023 Katy actually makes some crazy money. I was quite surprised at how much she's making with her residency, and then her Idol fee, and now this. For a musician who hasn't had a hit song for however many years she still holds a lot of power. Not the bore worms! Link to post Share on other sites More sharing options...
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