$225M music deal: Katy Perry sells catalog to Litmus Music

Litmus Music is the new owner of Katy Perry’s music. The “Firework” singer sold her catalog to the company founded by former Capitol Records President Dan McCarroll and launched in 2022 for $225 million, Variety reported.

Litmus Music is backed by The Carlyle Group, Deadline reported.

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According to the entertainment news site, the deal covered her studio albums, which includes 16 multi-platinum singles.

“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 said in the news release announcing the deal.

Perry and McCarroll worked together when he was named president of Capitol Records in 2010, the company said.

Litmus Music also owns the rights to Keith Urban’s master recordings and benny blanco’s portfolio, which includes “Moves Like Jagger” and “Diamonds.”

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