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Litmus Music is the new owner of Katy Perry’s music. The “Firework” singer sold her catalog to the company founded by former Capitol Records President Dan McCarroll and launched in 2022 for $225M, Variety reported.

Litmus Music is backed by The Carlyle Group, Deadline reported.

What are we to think of a 'current' artist doing this?

The buyer can take her few notable songs and make money doing drug advertisement theme music with songs like Teenage Dream for memory loss or Roar for lowering your A1C or an off-Broadway show about a fairy princess set to terrible modern pop music. She is a TV game show host now so I guess her music career is heading towards Paula Abdul territory.

Seems like it's just an easy way out to be set for life, doesn't it?

I remember Rosie O'Donnell starting her popular 90s talk show. She said she told her accountants "I don't know what know the numbers. But when I hit $100M, tell me." When she did, she quit the show. She knew that she could live the rest of her life comfortably on $100M. Obviously she'd have other jobs, investments, etc to pad that.

These artists, in a still very unstable - downloadable - streaming-but-not-paid world are taking the money and running. It's not about legacy anymore, it's about surviving.

leecaldon said:

What are we to think of a 'current' artist doing this?

Well. It's 225 mio cash. She can always record new music.

I am guessing the pitiful royalty cheques make it an easier decision. She did a jingle for Skip The Dishes or something, so she's likely not above someone licensing her old hits.