For $225 million (£180 million), Katy Perry has sold the rights to her music to Litmus Music.
After months of rumors, the California Gurls hitmaker has sold the rights to her music to Litmus Music for $225 million. The company announced the deal on Monday.
The agreement covers Perry shares in the master recordings and publishing rights to her five albums, One of the Boys, Teenage Dream, Prism, Witness and Smile, which came out between 2008 and 2020.
In recent years, the 38-year-old has slowed down her prolific career to focus on Las Vegas residencies, philanthropic work and raising a family with longtime partner Orland Bloom.
Former Capitol Records president Dan McCarroll co-founded Litmus Music. The Carlyle-backed company, which is focused on the acquisition and management of both publishing and recorded music rights, was launched in 2022. It made its first major acquisition by purchasing the rights to Keith Urban’s master recordings.
McCarroll said, “Katy Perry is a creative visionary who has made a huge impact in music, television, film and philanthropy. I’m honored to be working with her again and helping Litmus manage her incredible repertoire.
Hank Forsyth, co-founder and CEO, added, “Katy’s songs are an essential part of the global cultural fabric. We are so grateful to be working again with such a trusted partner whose integrity shines through in everything she does.
