Singer Katy Perry has sold the rights to her music catalog in a deal worth $225 million.
Investment company Carlyle Group announced on Monday, September 18, Litmus Music bought the rights to the songs of the 38-year-old singer released in 2008 until 2020. aceshowbiz.com.
According to outlets including Deadline and Billboard, the deal includes Katy’s five albums released by Capitol Records, ‘One of the Boys’ (released in 2008), ‘Teenage Dream’ (2010), ‘Prism’ (2013) ), ‘Witness’ (2017) and 2020’s ‘Smile’.
Litmus founder and CEO Hank Forsyth said, “Katy’s music is an important part of global culture. We are very grateful to be working with such a trusted partner for another project of integrity and – shines in everything he does.”
Matt Settle, managing director at the Carlyle Group, added: “We believe this is proof that the group can work with artists in the world. Not only did Katy’s music gain success is a significant commercial rather than an influence on popular culture.”
The ‘I Kissed a Girl’ actor is among a growing number of popular artists selling records of their back catalogue. Justin Bieber sold his share of his music rights in January to Hipgnosis Songs Capital for a reported $200 million.