Katy Perry just sold the rights to her catalogue of music for an eye-watering amount.
According to reports, the singer sold the rights to Litmus Music for $225 million (€210.4m) on Monday.
The agreement covers the master royalty income and publishing rights for five of her albums which she released between 2008 and 2020 – ‘One Of The Boys’ (2008), ‘Teenage Dream’ (2010), ‘PRISM’ (2013), ‘Witness’ (2017) and ‘Smile’ (2020).
In a statement shared with Variety, Litmus Music’s Dan McCarroll said: “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.”
Co-founder and CEO Hank Forsyth added: “Katy’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.”
Universal Music Group continues to own the masters to the five albums – which include hit songs such as ‘California Girls’ and ‘Firework’.
Katy has been engaged to actor Orlando Bloom since Valentine’s Day in 2019.
The couple share a daughter named Daisy Dove – who they welcomed on August 26, 2020.
Katy was previously married to Russell Brand from 2010 until 2012, while Orlando was married to Miranda Kerr from 2010 until 2013.
Orlando and Miranda share a 12-year-old son named Flynn.
