Dan Maccarroll: Last News

Billboard reported the deal was valued at $225 million, citing sources.

Today (September 18), Billboard reports that Katy Perry has sold all five of her Capitol Records albums to Litmus Music, a catalog rights company, for $225 million. The deal includes the master recording royalties and music publishing rights to One of the Boys, Teenage Dream, PRISM, Witness and Smile.

Katy Perry has sold the rights to her music, for a reported $225million (£180.5million).The deal comes after months of rumours alleging that the American pop star was underway with the process of selling her catalogue, and sees Perry transfer the rights to her music over to Litmus Music.The company is co-founded by former Capitol Records president Dan McCarroll, and the deal was completed today (Monday, September 18) for a reported £225million (£180.5m).It covers the master royalty income and publishing rights for five of the albums the 38-year-old released between 2008 and 2020. These include ‘One Of The Boys’ (2008), ‘Teenage Dream’ (2010), ‘PRISM’ (2013), ‘Witness’ (2017) and her latest studio LP ‘Smile’, which was released back in 2020.The company that purchased the music rights is also co-founded by Hank Forsyth with Carlyle Global Credit, and has previously purchased the back catalogue from both Keith Urban and Benny Blanco since its launch last summer.“Katy Perry is a creative visionary who has made a major impact across music, TV, film, and philanthropy.

Katy Perry is the latest artist to sell her music rights.

Katy Perry has sold her music rights to Litmus Music, a venture co-founded by Capitol Records president Dan McCarroll and financed by The Carlyle Group.

Katy Perry just made a massive music deal.

Jem Aswad Executive Editor, Music After months of rumors, Katy Perry has sold her music rights to Litmus Music, the Carlyle-backed company co-founded by former Capitol Records president Dan McCarroll, for $225 million, the company announced Monday. The deal includes Perry’s stakes in master recordings and publishing rights for the five albums she released between 2008 and 2020: “One of the Boys,” “Teenage Dream”, “Prism,” “Witness” and “Smile.” Universal Music Group continues to own the masters to those albums.

DEALSPrimary Wave has bought a stake in the songs catalogue of George Brown, founder member and drummer with Kool & The Gang. “Kool & The Gang’s influence on generations of musicians and fans around the globe cannot be denied”, says Primary Wave SVP Business And Legal Affairs Samantha Rhulen, who also confirms that the company is “THRILLED” to be partnering with Brown.Reservoir Media has acquired music rights from four of the founding members of The Spinners.

DEALSLitmus Music – yet another equity fund buying up music rights – has acquired the recording rights of Keith Urban. “I have the deepest respect for Keith, his incredible talent and his passion for making great music”, says Litmus co-founder Dan McCarroll. “He’s a musically insatiable musician, record maker, performer and songwriter”.Downtown Music Services has signed up Colbie Caillat, Francis Karel, Lily Meola, Loren Gray, Rebecca Black and Yung Bae to it artist services offerings, including distribution, publishing administration, creative marketing and finance.

Thania Garcia Frankie Bash, Baby Keem and Kendrick Lamar’s “Family Ties” co-producer and co-writer, has signed a global administration agreement with Sony Music Publishing.In the past six months, Bash, who won a Grammy for his work on “Family Ties,” has contributed to various projects including Jack Harlow’s “Come Home the Kids Miss You” and Yeat’s “2 Alivë.” He also has production credits on Nav and Wheezy’s “Emergency Tsunami,” Future & Juice WRLD’s “Realer N Realer,” Gunna’s “Argentina,” Future’s “Krazy But True,” Offset’s “Big Rocks” and more.+ Monti Olson has joined Litmus Music as president and will lead music rights acquisitions for the company. Prior to joining Litmus, Olson served as executive vice president/head of BMG music rights music publishing North America, where he led the division in the domestic music market and was responsible for frontline/catalog acquisition strategy and execution.

Jonathan Cohen The red-hot music rights space has a major new entrant in Litmus Music, which is being launched by veteran music executives Hank Forsyth (pictured at left) and Dan McCarroll (right) with $500 million of funding in partnership with Carlyle Global Credit, Variety can reveal. Litmus will acquire and manage music rights in both recorded music and publishing, with an eye on diverse genres and vintages.