Katy Perry Sells Litmus Music Her Hit-Packed Catalog For Allegedly $225 Million
The Carlyle Group said on Monday that the “Firework” diva has sold Litmus Music the rights to all of her songs and albums from the years 2008 through 2020 for an estimated $225 million.
The agreement covers Perry’s five Capitol Records albums from 2008’s One of the Boys, 2010’s Teenage Dream, 2013,’s Prism, 2017,’s Witness, and 2020’s Smile, all of which contain 16 songs that have since received multiplatinum certification from the RIAA.
According to Music Business Worldwide, Universal Music Group, Capitol’s parent business, will continue to be the owner of the records’ masters. Seven of Perry’s massive songs, including “I Kissed a Girl,” “California Gurls,” “Firework,” “E.T.,” “Last Friday Night (T.G.I.F. ),” “Part of Me,” “Roar,” and “Dark Horse,” debuted at No. 1 on the Billboard Hot 100.
Keith Urban became the first artist to sell his library to Litmus in December 2022 after the company’s inception last summer. Then, in June of this year, they purchased a “significant portfolio of compositions” from hit songwriter, producer, and musician Benny Blanco, according to Litmus’ website.
Aside from the business agreement, Perry is preparing to finish off her Play residency in Las Vegas with its final set of performances from October 4 to November 4.
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