After months of negotiations to sell her back catalog, Katy Perry finally made things official. The Grammy-nominated popstar agreed to sell her catalog to the newly founded company Litmus Music, and she reportedly received $225 million in return.
Perry’s deal with Litmus includes the master recording royalties and music publishing rights to her five albums released by Universal Music Group’s Capitol Records: One Of The Boys (2008), Teenage Dream (2010), PRISM (2013), Witness (2017), and Smile (2020).
This is a smart move on Litmus’ side since Perry’s discography includes many smash hits that defined the 2010s. Teenage Dream alone produced five No. 1 singles – “California Gurls”, “Teenage Dream”, “Firework”, “E.T.”, and “Last Friday Night (T.G.I.F.)”—becoming the first album by a woman in history with five chart-topping singles on the Billboard Hot 100 chart.
Litmus Music was founded in the summer of last year, and the company’s co-founder and CEO Hank Forsyth said they’re grateful to be working with Perry because her songs are “an essential part of the global cultural fabric” and her integrity shines in everything that she does.
Despite being one of the defining stars of the 2010s, Perry slowed her roll in recent years. It’s been three years since her last album Smile came out, and she’s mostly been focusing on her Las Vegas residency following its release.
