According to multiple reports from both Variety and Billboard, Katy Perry has sold her catalog for a reported $225 million to Litmus Music. Litmus is a music rights company co-founded by former Capitol Records president Dan McCarroll, who shared in a statement: “Katy Perry is a creative visionary who has made a major impact across music, TV, film, and philanthropy. I’m so honored to be partnering with her again and to help Litmus manage her incredible repertoire.”
The deal includes Perry’s stakes in master recordings and publishing rights to her five studio albums released under Capitol Records: “One of the Boys”; Teenage Dream” and “Prism”; “Witness”; and “Smile.” Those albums feature Perry’s nine No. 1 hits including “Firework,” “California Gurls” and “I Kissed a Girl.”
Litmus co-founder Hank Forsyth continued in a press release: “Katy’s songs are an essential part of the global cultural fabric. We are so grateful to be working together again with such a trusted partner whose integrity shines in everything that she does.”
The 38-year-old Perry has been headlining in Las Vegas since late 2021 with her “Play” residency, which wraps in November. She will next return as a judge on Season 22 of “American Idol.”
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