Katy Perry has sold her music rights to Litmus Music for a staggering $225 million, including five albums released between 2008 and 2020.
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The albums included in the deal are "One of the Boys," "Teenage Dream," "Prism," "Witness," and "Smile," which collectively boast 16 multiplatinum hits.
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Litmus Music's co-founder and CEO, Hank Forsyth, expressed gratitude for the partnership, emphasizing Perry's influence on global culture.
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The sale encompasses Perry's stakes in master recordings and publishing rights for the mentioned albums, with Universal Music Group retaining master ownership.
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The connection between Perry and Litmus Music began through her earlier albums released with Capitol Records.
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Dan McCarroll, co-founder and CCO of Litmus Music, praised Perry's creative vision and her significant impact across various entertainment fields.
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Katy Perry has recently focused on Las Vegas residencies, philanthropic work, and family, stepping away from the recording studio.
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Litmus Music, known for acquiring artists' rights, has added another major star to its roster, recognizing Perry's iconic songs' commercial success and cultural influence.