Katy Perry reportedly makes $225 million by selling her music catalogue

Source: BBC News [UK state media]

“Katy Perry has sold a bundle of her music rights to Litmus Music, with multiple sources pricing the deal at $225m (£182m). The sale, which was announced on Monday, covers all five albums Perry released for Capitol Records, from 2008’s One of the Boys to 2020’s Smile. That includes multi-platinum hits like Firework, Teenage Dream, Hot ‘n’ Cold, California Gurls and I Kissed A Girl. It is the biggest catalogue deal for a single artist this year. Justin Bieber was the previous title holder, after offloading his stake in his back catalogue to the UK-based Hipgnosis Songs Capital in January for $200m (£162m). Litmus now owns Perry’s stake in the master recordings and publishing for the records, meaning it will collect any future royalties the music earns.” (09/19/23)