Singer Katy Perry signs a deal to sell rights to five of her studio albums released between 2008 and 2020 including Teenage Dream to Carlyle-backed Litmus Music.
Full story: https://www.rappler.com/entertainment/music/katy-perry-sells-rights-five-albums-litmus-music/?
Full story: https://www.rappler.com/entertainment/music/katy-perry-sells-rights-five-albums-litmus-music/?
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00:00 Singer Katy Perry signs a deal to sell rights to five of her studio albums released between
00:05 2008 and 2020, including "Teenage Dream," to Carlisle-backed litmus music.
00:11 One of the boys, Prism, Witness, and Smile, are the four other studio albums that are
00:15 part of the deal.
00:16 U.S. magazine Billboard reports the deal is valued at $225 million, citing sources, but
00:22 private equity firm Carlisle declined to comment on the value.
00:26 The five studio albums were released under Katy's contract with Capitol Records, whose
00:30 former president Dan McCarroll is the co-founder of litmus music.
00:34 In recent years, Blackstone-backed hypnosis songs and other investment firms scooped up
00:39 music catalogs of artists, including Justin Bieber and Bob Dylan, as the rise of streaming
00:43 turns their songs into a reliable source of revenue.
00:46 (upbeat music)