{"id":67081,"date":"2023-09-19T11:49:17","date_gmt":"2023-09-19T11:49:17","guid":{"rendered":"https:\/\/newcelebworld.com\/?p=67081"},"modified":"2023-09-19T11:49:17","modified_gmt":"2023-09-19T11:49:17","slug":"katy-perry-sold-her-entire-five-album-catalog-for-225-million-too-low","status":"publish","type":"post","link":"https:\/\/newcelebworld.com\/celebrities\/katy-perry-sold-her-entire-five-album-catalog-for-225-million-too-low\/","title":{"rendered":"Katy Perry sold her entire five-album catalog for $225 million: too low??"},"content":{"rendered":"

<\/p>\n

While Katy Perry\u2019s music is rarely my favorite, I acknowledge that the woman has some huge hits. Her catalog is extensive and well-known. She performed at the Super Bowl Half-Time show and she had to leave out<\/em> several of her hits because there were just too many. I\u2019m sure her masters are worth a fortune. So why does it sound like she sold them for much too small a figure? Katy is the latest in a long line of musical artists to sell their masters and catalog to a private-equity firm. The price? $225 million. As I said, it sounds way too low.<\/p>\n

\n

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\u2019s five studio albums released for Capitol Records, including her Grammy-nominated Teenage Dream. <\/p>\n

According to sources, Litmus paid $225 million for Perry\u2019s stake in the master recording royalties and music publishing rights to her five albums released between 2008 and 2020 \u2014 One of the Boys, Teenage Dream, PRISM, Witness and Smile. Litmus declined to comment on the deal terms.<\/p>\n

Perry\u2019s catalog sale, finalized earlier this year, follows other 2023 music rights deals like Justin Bieber\u2019s $200-million sale to Hipgnosis Songs Capital, demonstrating that household name artists can still command top dollar even as high interest rates moderate investors\u2019 appetites for song rights.<\/p>\n

From her breakout single \u201cI Kissed A Girl\u201d in July 2008 to the five chart-topping songs from 2010\u2019s Teenage Dream, Perry has notched a total of nine No. 1s on the Billboard Hot 100. During a musical era that saw major hits from other female pop stars like Lady Gaga, Beyonc\u00e9, Rihanna, Taylor Swift, and Adele, Perry remains the first woman and only second artist ever (after Michael Jackson) to send five songs from the same album to the summit of the Hot 100. Those songs are \u201cCalifornia Gurls,\u201d \u201cFirework,\u201d \u201cE.T.,\u201d \u201cLast Friday Night (T.G.I.F.)\u201d and \u201cTeenage Dream.\u201d<\/p>\n<\/blockquote>\n

[From Billboard]<\/p>\n

Billboard also mentioned her Vegas residency, which was pretty lucrative for her – $168 million for about four months. Plus, she\u2019s done so many huge tours over the years, although she hasn\u2019t toured since 2018 and now she\u2019s a mom. Oh, and she\u2019s getting $25 million a year for American Idol? My point is that Katy isn\u2019t poor, far from it. We\u2019ve never heard stories about Katy drowning in debt or spending crazy money. She just sold her catalog for no real reason, I guess because they made her an offer. Did her manager not tell her that the bid sounds pretty low?<\/p>\n

Maybe Katy decided to pack up her career after the mess at the coronation? I still can\u2019t get over the absolute desperation of Charles and Camilla.<\/p>\n