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Katy Perry has sold her music rights to Litmus Music, a venture co-founded by Capitol Records president Dan McCarroll and financed by The Carlyle Group.
The deal covers all five of her studio albums, including 16 multi-platinum singles. Carlyle announced today the deal, valued at $225 million.
According to Carlisle, the label’s partnership with Perry “has its roots in Litmus co-founder and creative director Dan McCarroll’s long-standing working relationship” with the singer, which began in 2010 when McCarroll was named president of Capitol Records.
“Katy Perry is a creative visionary who has made a significant impact in music, television, film and philanthropy,” McCarroll said in a statement. “I am very honored to partner with her again and help Litmus manage their amazing repertoire.”
Hank Forsyth, co-founder and CEO of Litmus Music, described Perry’s songs as “an essential part of the global cultural fabric”, while Matt Settle, managing director at Carlyle, said: “We are extremely grateful to be working together again with such a trusted partner whose brilliance Integrity in everything you do.
In July, American Idol It was announced that Perry will return for a seventh season as a judge on the ABC talent show, airing this spring.
Perry’s five studio albums included in the deal were released between 2008 and 2020: “One of the Boys,” “Teenage Dream,” “Prism,” “Witness” and “Smile.” Universal Music Group owns the masters of those albums.
. “Professional creator. Lifelong thinker. Reader. Beer buff. Troublemaker. Evil problem solver.”