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Katy Perry's Music Catalog Sale
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Katy Perry's music catalog, worth $225 million, has been purchased by Litmus Music, boosting her net worth to $340 million. Litmus, backed by Carlyle Group, has also acquired catalogs of Keith Urban and Benny Blanco, making it one of the largest music sales of 2023. Perry's net worth is primarily derived from her music career and tour earnings, with additional income from shoe and non-alcoholic beverage brands.
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How might Katy Perry's music catalog sale impact the music industry's valuation of artists' work?
How might Perry's success in selling her music catalog influence other artists to consider similar transactions?
What are the implications of Perry's significant net worth for the entertainment industry and the broader economy?
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