Everyone ’s doing it these 24-hour interval .
Today,we found outthatKaty Perrysold her entire music catalog for $225 million.
Varietyreported, “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,andSmile. Universal Music Group continues to own the masters to those albums.”
Why are people buying music catalogs? Well,according totheNew YorkTimes, “New investors, including private equity firms, have poured billions of dollars into the market, viewing music royalties as a kind of safe commodity — an investment, somewhat like real estate, with predictable rates of return and relatively low risk.”
Because this is becoming a pretty popular trend, let’s look at what other artists have sold their catalogs and how much money they’ve gotten for ‘em:
1.Dr. Dresoldhis music catalog in early 2023 for less than the $250 million he pitched, but still apparently well over $200 million.
2.ZZ Topsoldtheir catalog in 2020 for $50 million.
3.Imagine Dragonssoldtheir music catalog in 2020 for well over $100 million.
4.Justin Biebersold hismusic catalog in early 2023 for over $200 million.
5.Iggy Azaleasoldher catalog in late 2022 in an “eight-figure deal.”
6.Phil Collins and Genesissoldtheir catalog for $300 million in 2022.
7.David Bowie’s music catalogue wassoldfor $250 million in 2022.
8.In 2021, David Guettasoldhis music catalog for $100 million.
9.Stingsoldhis songwriting catalog in 2022 for a reported $300 million.
10.Justin Timberlakesoldhis music catalog for a reported $100 million.
11.Jason Aldeansold90% of his music catalog in 2022 for $100 million.
12.Bob Dylansoldhis entire songwriting catalog in 2020 for over $300 million.
13.The Red Hot Chili Pepperssoldtheir song catalog for $140 million in 2021.
14.Stevie Nickssolda majority stake in her publishing catalog for $100 million in 2020.
15.Mötley Crüesoldtheir music catalog for $150 million in 2021.
16.Brad Paisleysoldhis music catalog for $25 million in 2022.
17.Futuresoldhis music catalog from 2004–2020 for a reported “high eight figures.”
18.A majority stake in Joey Ramone’s publishing rights wereacquiredfor $10 million in 2022.
19.And lastly, Bruce Springsteensoldhis music catalog in 2021 for $550 million.
