Katy Perry Sells Music Catalog for $225M After 20-Year Career

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Almost two decades since the inception of her illustrious recording career, pop sensation Katy Perry has penned an eye-popping deal, divesting the rights to her entire music catalog for a staggering $225 million. At age 38, the iconic voice behind Teenage Dream has struck an agreement with Litmus Music.

This deal entrusts Litmus with rights to all five of Perry's studio compilations, as detailed by Billboard. Consequently, Litmus now proudly holds the stakes to the "Harleys in Hawaii" singer's master records, as well as the comprehensive publishing rights spanning her entire five-album discography.

However, it's notable that Universal Group retains the ownership of Perry’s masters, ensuring a continued collaboration between the two powerhouses.

Perry's Rise from Debut to Stardom

For those tracing back to the origins of Perry's success, it was in 2004 that she inked her maiden record contract.

Yet, it was her 2008 chart-topper, I Kissed A Girl, that catapulted her into the limelight. This Santa Barbara-born sensation has since been on a meteoric rise, setting several sales records. Based on her profile on the American Idol platform, Perry stands as one of the mere quintet of musicians globally to have surpassed 100 million certified unit sales with her digital singles alone.

Her 2010 album, Teenage Dream, placed her in an elite league alongside Michael Jackson, making her the sole female artist with five top singles from a single album. Interestingly, while it's been a three-year hiatus since Perry's last full-length album, her influence hasn't waned.

Apart from her music, Perry has expanded her portfolio, serving as a judge on American Idol, among other endeavors. This trend of artists capitalizing on their legacy isn't new. Notably, earlier this year, pop phenomenon Justin Bieber sold his entire 15-year-long music catalog for an impressive $200 million to Blackstone-backed Hipgnosis Songs Capital.

Universal Music, however, will still oversee the administration of Bieber's tracks. On the personal front, Perry, previously wedded to Russell Brand from 2010-2012, has since moved on and is now engaged to Hollywood heartthrob Orlando Bloom.

The duo, who got engaged in 2019, are doting parents to their daughter, Daisy Dove. As 2023 unfolds, although there's no fresh studio album from Perry, she commemorated her past hits, launching anniversary editions of One Of The Boys, Teenage Dream, and Prism in June. The collective set might be sold out, but enthusiasts can still secure individual albums on her official website.