How Did Katy Perry Earn Nearly a ¼ Billion in One Day?

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Episode Transcript

Speaker 1 (00:00):
Direct from Hollywood with Ryan Seacrest.

Speaker 2 (00:03):
Many legacy artists, ranging from Bob dyl to Bruce Springsteen,
sold rights to their music catalogs for several hundred million
dollars over the last few years, and more recently, younger
artists like Justin Bieber have cashed in as well, and
the latest superstar to follow, Katy Perry, the Idle judge
and pop song smith, is inked the deal with Litmus Music.
The hands over her entire catalog and all its chart
topping hits for reported two hundred and twenty five million dollars,

(00:26):
including the likes of California Girls, Teenage Dream, and dark Horse.
Litmus CEO explained why the deal made perfect sense in
a statement, writing, Katie'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 she does. Unless the deal is one
day expanded, it's believed all future compositions authored by Katie

(00:48):
will be hers to keep.

Speaker 1 (00:49):
That's direct from Hollywood.