Katy Perry will be the new “Darkish Horse” of the pop trade after it was reported that she offered her whole music catalog for an estimated $225 million, placing her amongst the ranks of music legends like Bruce Springsteen and Bob Dylan who’ve additionally offered their catalogs for tons of of hundreds of thousands of {dollars}.
Per the BBC, Perry, whose actual identify is Katheryn Hudson, offered the grasp recording royalties and publishing rights to all 5 of her albums, which had been beforehand owned by Capitol Data, to British-based Litmus Music, a subsidiary of the Carlyle Group.
Common Music Group, Capitol’s mum or dad firm, will proceed to personal the grasp rights to the albums.
Katy Perry performs onstage through the Coronation Live performance on Could 07, 2023, in Windsor, England (Getty Photos)
“Katy Perry is a inventive visionary who has made a significant affect throughout music, TV, movie, and philanthropy. I am so honored to be partnering along with her once more and to assist Litmus handle her unbelievable repertoire,” stated co-founder of Litmus Dan McCarroll in a press launch.
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Perry has 5 albums — “One of many Boys” (2008), “Teenage Dream” (2010), “Prism” (2013), “Witness” (2017), and “Smile” (2020), and has had 9 songs hit No. 1 on Billboard’s Scorching 100. In 2011, she turned the primary feminine artist to attain 5 consecutive number-one singles off of the identical album, “Teenage Dream.”
Litmus Music bought nation singer Keith City’s music catalog in December 2022 for an undisclosed amount of cash.
Perry takes the lead from fellow popstar Justin Bieber who offered his whole catalog in January for $200 million.
Although the singer has not launched an album since 2020, she is at the moment performing in Las Vegas for her residency present referred to as “Play,” which closes on November 4.
Associated: Bob Dylan’s Complete Music Catalog Bought for Estimated $200 Million
Perry can be within the course of of filming American Idol Season 22 the place she is going to return as a choose. The longstanding singing competitors is ready to premiere in Spring 2024.
Katy Perry’s web value is estimated to be round $330 million.
The singer has not but publicly commented on the sale of her catalog.