The deal includes all five of her studio albums
Litmus Music has entered into a creative partnership with Katy Perry in which she has sold her rights to her catalog. The deal, estimated to be worth $225 million, covers all five of Perry’s studio albums released for Capitol Records between 2008 and 2020 — One of the Boys, Teenage Dream, Prism, Witness, and Smile — which include 16 multi-platinum singles. Capitol Records will retain the master recordings.
The Litmus/Perry relationship furthers Litmus’ mission of developing a collaborative, artist-focused approach. Having operated at the highest levels of the music industry, Litmus’ founding members have collectively fostered deep connections to record labels, distributors, artist managers and the artists themselves, with a mission to create value for artists and investors through the thoughtful management of music.
The partnership has its roots in Litmus co-founder and Chief Creative Officer Dan McCarroll’s longstanding working relationship with Perry, which began in 2010 when he was named President of Capitol Records.
“Katy Perry is a creative visionary who has made a major impact across music, TV, film, and philanthropy. I’m so honored to be partnering with her again and to help Litmus manage her incredible repertoire,” McCarroll states.
“Katy’s songs are an essential part of the global cultural fabric. We are so grateful to be working together again with such a trusted partner whose integrity shines in everything that she does,” shares Litmus co-founder and CEO Hank Forsyth.
“We believe this is a testament to the team’s ability to partner with the world’s top artists. Katy’s iconic songs have not only achieved outstanding commercial success but have significantly influenced popular culture,” states Matt Settle, Managing Director at Carlyle, which has invested into Litmus.
Litmus was formed last summer and has acquired Keith Urban and Benny Blanco catalogs.
Perry will return as a judge on for ABC’s seventh season of American Idol, alongside Luke Bryan, Lionel Richie and host Ryan Seacrest, airing in spring 2024. Perry will wrap her two-year residency at Resorts World Las Vegas this fall as Katy Perry: Play closes with the addition of 14 more shows through November 4th.