Katy Perry has signed a major music deal. Copyright company Litmus Music has confirmed that it has acquired the catalog rights to five of Katy Perry’s studio albums.
Litmus announced that Perry paid $225 million for the recording and publishing rights to the songs on her albums “One of the Boys”, “Teenage Dream”, “PRISM”, “Witness” and “Smile”, released between 2008 and 2020.
Perry became the first woman and second singer after Michael Jackson to have five songs from the same album reach the Hot 100. Her top singles were “California Gurls”, “Firework”, “E.T.”, “Last Friday Night (T.G.I.F.)” and “Teenage Dream”.
Litmus co-founder Dan McCarroll said, “Katy Perry is a creative visionary who has made a huge impact in music, television, film and philanthropy. I’m honored to partner with her again and help her lead Litmus’ incredible repertoire.”
Perry is not the only artist selling her music catalog. Justin Timberlake sold the publishing rights to his songs for $100 million, Justin Bieber for $200 million, David Bowie for $250 million, and Bob Dylan’s 60-year-old song catalog for $300 million.