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Speaker 1: Direct from Hollywood with Ryan Seacrest.

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Speaker 2: Many legacy artists, ranging from Bob dyl to Bruce Springsteen,

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Speaker 2: sold rights to their music catalogs for several hundred million

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Speaker 2: dollars over the last few years, and more recently, younger

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Speaker 2: artists like Justin Bieber have cashed in as well, and

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Speaker 2: the latest superstar to follow, Katy Perry, the Idle judge

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Speaker 2: and pop song smith, is inked the deal with Litmus Music.

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Speaker 2: The hands over her entire catalog and all its chart

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Speaker 2: topping hits for reported two hundred and twenty five million dollars,

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Speaker 2: including the likes of California Girls, Teenage Dream, and dark Horse.

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Speaker 2: Litmus CEO explained why the deal made perfect sense in

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Speaker 2: a statement, writing, Katie's songs are an essential part of

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Speaker 2: the global cultural fabric. We are so grateful to be

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Speaker 2: working together again with such a trusted partner whose integrity

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Speaker 2: shines in everything she does. Unless the deal is one

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Speaker 2: day expanded, it's believed all future compositions authored by Katie

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Speaker 2: will be hers to keep.

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Speaker 1: That's direct from Hollywood.