Katy Perry sold her music catalog to Litmus Records for a whopping $225 million. The singer sold the rights to her five studio albums she recorded with Capitol Records.
has sold her music catalog to Litmus Music, a subsidiary of The Carlyle Group, FOX Business can confirm.
On Monday, the company announced that the deal would include Perry's five studio albums that she recorded for Capitol Records between 2008 and 2020. The sale is worth $225 million, according to multiple reports. "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," Dan McCarroll, former president of Capitol Records and co-founder of Litmus, said in the press release.
Co-founder and CEO Hank Forsyth noted that Perry'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."
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