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Katy Perry sells album rights to Litmus Music for $225M

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Pop sensation Katy Perry has made a strategic move in her illustrious music career by selling the rights to five of her iconic albums to Litmus Music, in a deal worth a staggering $225 million.

The move signals a significant shift in the music industry’s dynamics and could pave the way for other artists to explore similar opportunities.

Perry, known for chart-toppers like “Teenage Dream” and “Firework,” has been a household name in the music world for over a decade. With this deal, she joins a growing list of artists who have opted to monetize their music catalogs in an evolving industry landscape.

Litmus Music, a heavyweight in the music investment sector, is set to gain access to Perry’s extensive catalog, which includes hit albums like “One of the Boys” and “Prism.” This acquisition not only secures them rights to her music but also opens up new avenues for remixes, licensing, and collaborations with other artists.

The $225 million deal underscores the increasing value of music catalogs in today’s digital age, where streaming platforms have become the primary mode of music consumption. As artists explore innovative ways to capitalize on their work, investment firms like Litmus Music are strategically positioning themselves to acquire and profit from these assets.

With this move, Katy Perry retains her position as a music industry icon while also securing substantial financial resources for future endeavors. It also prompts the question: Are we witnessing a paradigm shift in how artists manage their music legacies?

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Leaders

Health experts are walking the nutritional path to a stronger immune system

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Proper nutrition plays a crucial role in maintaining a robust immune system and mitigating chronic inflammation.

Inflammation is the body’s natural response to injury or infection, but when it becomes chronic, it can lead to serious health issues.

Kate Save from BeFitFood joins to discuss the relationship between #featured

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Money

Nvidia surpasses Microsoft as the most valuable company in the world

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Nvidia has emerged as the world’s most valuable company, surpassing Microsoft with a market value of over $3.3 trillion.

This shift comes on the heels of Nvidia’s consistent growth in the semiconductor sector and its strategic advancements in artificial intelligence and gaming technologies.

This milestone marks a significant validation of Nvidia’s aggressive expansion and innovation strategies under CEO Jensen Huang, who has steered the company towards dominance in high-performance computing.

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Nintendo’s latest presentation showcased exciting revivals and fresh new titles for Q4

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Nintendo’s exciting 2024 lineup revealed following June Direct: revivals, new titles, and fresh takes.

From enhanced classics like Donkey Kong Country Returns HD to highly anticipated new entries such as Metroid Prime 4, Nintendo’s 2024 releases promise something for every gamer.

Emily Leaney from TeamRetro joins to unpack all the big announcements.

Follow the link here for the full presentation on Nintendo’s official YouTube channel.

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