Litmus Music Acquires Randy Newman Catalog Rights

Litmus Music, backed by Carlyle Group, has acquired the music publishing and recorded music catalog of Randy Newman, including his iconic songs and film scores from his career starting in the 1960s. The acquisition features well-known tracks such as 'You’ve Got a Friend in Me,' 'I Love L.A.,' and scores from Disney's 'Toy Story' and 'Cars' franchises. While the financial details of the deal were not disclosed, it follows Litmus's previous high-profile acquisitions, including rights to Katy Perry's catalog. Dan McCarroll, co-founder of Litmus, praised Newman as a unique artist whose work has significantly influenced the music industry. The deal reflects a broader trend where private equity firms are seeking to invest in established music catalogs as market conditions change. This acquisition positions Litmus to continue its strategy of preserving and promoting iconic music that resonates across generations.