Multi-award-winning songstress, Katy Perry, unleashes a musical bombshell: She has just cashed in her harmonious treasures for a jaw-dropping $225 Million!
Yes, you read that correctly – a staggering Sh.33 Billion! As if that weren’t enough to send your head spinning, here’s a moment for us less talented folks to wallow in a corner.
It seems the 38-year-old American Idol judge is no longer “chained to the rhythm”… did you catch that wordplay?
This earth-shattering news was unveiled by the investment firm Carlyle Group, and the revelation was nothing short of spectacular.
The “Firework” sensation, Katy Perry, has handed over the keys to her melodic kingdom, consisting of her musical creations from 2008 to 2020, to the powerhouse known as Litmus Music, all in exchange for a staggering $225 Million.
This monumental deal encompasses Katy’s dominion over the master recordings and publishing rights for her illustrious five studio albums, all produced under the Capitol Records banner – from the enchanting “One of the Boys” (2008) to the electrifying “Smile” (2020), housing a grand total of 16 multi-platinum chart-toppers.
These albums are the sanctuaries where Katy’s indomitable spirit birthed nine chart-toppers on the Billboard Hot 100, including the explosive “Firework,” the sun-kissed “California Gurls,” and the sensational “I Kissed a Girl.”
Litmus Music’s co-founder and CEO, Hank Forsyth, in a testament to this monumental agreement, expressed, “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.”
The Managing Director of Carlyle, Matt Settle, echoed similar sentiments: “We believe this is a testament to the team’s ability to partner with the world’s top artistsa.
Adding, “Katy’s iconic songs have not only achieved outstanding commercial success but have significantly influenced popular culture.”
In an intriguing twist, Katy Perry joins a growing roster of artists who have embarked on the journey of selling the master recordings of their cherished musical catalogs.
Just to add more star power to the mix, Canadian sensation Justin Bieber cashed in on his own musical legacy, relinquishing his rights to Hipgnosis Songs Capital for a staggering $200 Million, equivalent to a jaw-dropping Sh. 24.8 Billion!
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Furthermore, Katy Perry is the recipient of five American Music Awards, 16 ASCAP Pop Music Awards, five Billboard Music Awards, four Guinness World Records, five MTV Video Music Awards, 14 People’s Choice Awards, a Juno Award, a Brit Award, two Myx Music Awards, three NRJ Music Awards, and five Teen Choice Awards.
