Katy Perry has become one of the latest global stars to take the step. And we’re not talking about walking down the aisle or parachuting. The Californian artist He has sold the songs included in his five studio albums for a price that exceeds 225 million dollars.
The agreement between the interpreter and the company Litmus Music via Capital Records includes all of the artist’s studio projects from 2008 to 2020. Universal Music will remain the owner of the original recording studio masters from the last 5 years.
One of the Boys (2008), Teenage Dream (2010), PRISM (2013), Witness (2017) and ‘Smile’ (2020) They contain all the songs that elevated Katy Perry to the Olympus of international music stars thanks to songs like Roar, I Kissed a girl, Firework…
“I am very honored to partner with her again and to help Litmus manage her incredible repertoire. (..) She is a creative visionary who has had a great impact on music, television, film and philanthropy” he said Dan McCarroll in the statement.
With a new record project just around the corner, Katy Perry thus hands over the rights to her songs in exchange for a large amount of money for commercial exploitation. A look more towards the future than towards the past and that other artists such as Dr. Dre, Justin Bieber, Pink Floyd, Phil Collins, Bruce Springsteen, Michael Jackson have already followed before…
A new musical era that will put an end to quite a few years of recording silence: “I haven’t released any new material since my dear Daisy. I think I’m writing a lot and I’ve written a lot from a place of love because I feel a lot of that, so much unconditional love, that love you never knew existed” explained Katy Perry.
Katy Perry Halftime Super Bowl 2015 (FULL)
There are several companies that have acquired several important catalogs, including those of David Bowie, Stevie Nicks, Paul Simon, Red Hot Chili Peppers, pink floyd either Shakira, among many others. A direct way to achieve immediate profitability of something that successors will have more complicated by having to sell a product in the past but not in the present or the future.
