Katy Perry’s $225-million Music Catalog Rights Deal: All you may want to know (2024)

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Katy Perry’s $225-million Music Catalog Rights Deal: All you may want to know? ›

Katy Perry has sold her music rights to Litmus Music, a company co-founded by Capitol Records President Dan McCarroll and backed by The Carlyle Group. This deal includes all five of her studio albums and 16 multi-platinum singles. The reported value of the deal is $225 million, as announced by Carlyle.

Litmus now owns Perry's stake in the master recordings and publishing for the records, meaning it will collect any future royalties the music earns.

With an estimated net worth of $400 million in 2024, Perry's wealth stems primarily from her successful music career and extensive branding and endorsem*nt deals. Her role as a judge on American Idol has contributed significantly to her earnings, with Forbes estimating her income at $38.5 million in 2020 alone.

Katy Perry just sold the rights to her music—including hits such as "Teenage Dream," "Hot N Cold" and "California Gurls"—to Litmus Music, which launched in 2022 and was co-founded by former Capitol Records president Dan McCarroll, for a whopping $225 million.

_{By Marisa Dellatto, Forbes Staff}

P op superstar Katy Perry sold her music rights to Carlyle-backed Litmus Music on Monday for a reported $225 million. With the sale, her net worth increases to an estimated $340 million, making her one of the richest self-made women in America.

Katy Perry's net worth in 2024 is estimated at $400 million. This obviously comes largely from the mega-sales in her musical peak and her tours through the years, but also from the extensive branding and endorsem*nt deals she's snagged throughout her career.

At the time, Perry explained that she was leaving American Idol to focus on her pop career and release new music. “I love the show so much, but I want to go and see the world and maybe bring new music,” she told Jimmy Kimmel.

Katy Perry earned her first diamond certification for "Roar" on June 22, 2017. She received two more in 2018 for "Firework" and "Dark Horse." Her fourth award was bestowed in 2023 for "California Gurls" featuring Snoop Dogg.

Why would Katy Perry sell her catalog? ›

Why did Katy Perry decide to sell her music catalog rights to Litmus Music? Katy Perry sold her music catalog rights to Litmus Music due to her longstanding working relationship with Litmus Co-Founder Dan McCarroll, who has been a trusted partner since he became President of Capitol Records in 2010.

Perry's sale to Litmus Music includes her stakes in master recordings and publishing rights for the five albums, Hypebeast noted. Universal Music Group will continue to own the masters for those albums.

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Under the copyright system, people who hold the rights to a creative work retain control of the creation for up to 70 years after the death of the original creator, depending on the country. By selling during their lifetime, the creator can effectively transfer this expected future income to the present.

Universal Music purchased his entire songwriting catalog of more than 600 songs in what may be the biggest acquisition ever of a single act's publishing rights.

Synopsis. Katy Perry has sold her music catalog rights to Litmus Music, co-founded by Capitol Records' Dan McCarroll and financed by The Carlyle Group, in a deal worth $225 million. This covers her five studio albums and 16 multi-platinum singles.

Katy Perry (Season 16 - Present)

Perry was the talk of the town when Page Six reported that she receives $25 million a season from ABC to judge on American Idol.

After 120 years, 'Happy Birthday', is sill the richest and most profitable song of all time. It was written by the Hill Sisters in 1893 because they needed a song that they could sing to their kindergarten class on someone's birthday.