Katy Perry has sold the rights to her catalogue of music for a reported $225 million (€210.4m).

Following months of speculation, Perry completed the deal and handed over the rights to Litmus Music today, Monday 18 September. The company is co-founded by ex-Capitol Records president Dan McCarroll.

The agreement covers the master royalty income and publishing rights for five of Perry’s albums which she released between 2008 and 2020- One Of The Boys (2008), Teenage Dream (2010), PRISM (2013), Witness (2017) and Smile (2020).

“Katy Perry is a creative visionary who has made a major impact across music, TV, film, and philanthropy. I’m so honoured to be partnering with her again and to help Litmus manage her incredible repertoire,” said McCarroll in a statement (via Variety).

Perry is following in the footsteps of other superstars who made pretty pennies from selling the rights to their music.

In October 2021, Tina Turner sold her back catalogue to for $300 million (€280.4m). In 2022 Sony Music got their hands on Bob Dylan’s entire discography, while Neil Diamond and Paul Simon both entered into deals with Universal Music Publishing.

Elsewhere, Katy Perry recently told Good Morning America that she has been writing new music- “I think that I’m writing a lot and have written a lot from a place of love because I’m feeling so much of it – so much unconditional love, that love you never knew existed,” she said.

The singer also announced that she will be marking the anniversary of her first three albums with a new box set and two unreleased songs due for release on 20 October.

 

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