KATY PERRY HAS cashed in on her catalog of hits, selling her stake in her master recordings and publishing rights to Litmus Music for a reported $225 million, according to Billboard.
The deal covers the five albums Perry released for Capitol Records, starting with 2008’s One of the Boys and ending with 2020’s Smile. That run also includes 2013’s Prism, 2017’s Witness, and Perry’s blockbuster 2010 effort, Teenage Dream, which spawned five Number One Hot 100 hits.
Perry’s decision to sell to Litmus makes sense, as its co-founder Dan McCarroll, used to run Capitol Records. “Katy Perry is a creative visionary who has made a major impact across music, TV, film, and philanthropy,” McCarroll said in a statement. “I’m so honored to be partnering with her again and to help Litmus manage her incredible repertoire.”
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