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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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TikTok’s fate in the United States

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TikTok’s fate in the United States has never been more in doubt.

Congress approved a bill, which President Joe Biden signed into law that gives its Chinese parent company two options: sell it to an approved buyer or see it banned.

But now, the owners of the popular social media app says they’re preparing to challenge the statute in court.

Andy Keiser a Senior Fellow at the National Security Institute, and a Former Senior Advisor for the House Intelligence Committee joins Veronica Dudo to discuss. #IN AMERICA TODAY #featured #business #socialmedia #TikTok #TikTokban #nationalsecurity

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Writer’s strike fallout: theatres recycling films in lieu of fresh content?

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In an industry constantly looking towards the future, anniversary re-releases offer a welcome opportunity to celebrate the past.

In an era of nostalgia, anniversary re-releases of classic films like “Star Wars Episode 1: The Phantom Menace,” “Spider-Man 2,” and “Shrek 2” are captivating audiences anew.

From the thrill of podracing to the iconic battles between heroes and villains, these films offer a chance to relive cherished moments on the big screen.

Tobey Maguire’s Spider-Man swings back into action, Shrek and his crew return for another hilarious adventure, and the galaxy far, far away beckons once more.

As fans of all ages flock to theaters, these timeless classics remind us why great storytelling endures, bridging generations and captivating audiences with their magic.

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The ongoing alcohol related research many ignore

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New research shows the impact of alcohol on our gut microbiome.

Alcohol affects gut microbes, potentially leading to gut imbalance and heightened cravings.

Research suggests moderate drinkers have healthier gut microbiomes. While red wine consumption may enhance gut diversity, similar benefits can be found in plant-based and fermented foods. Dysbiosis may worsen addiction, highlighting the need for holistic approaches to treatment.

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