Katy Perry Sells Music Rights In Huge $225 Million Deal

etcanada.com:

Katy Perry is the latest artist to sell her music rights. The singer has sold the rights to Litmus Music — which is co-founded by former Capitol Records president Dan McCarroll — for a whopping $225 million USD.

The company — that launched last summer — announced the news on Monday, Variety reported. Perry’s stakes in master recordings and publishing rights for her five albums — One of the Boys [2008], Teenage Dream [2010], Prism [2013], Witness [2017] and Smile [2020] — are included in the deal.

Universal Music Group continues to own the masters to the releases. READ MORE: Katy Perry’s Old Interview About Russell Brand Resurfaces Amid Rape And Sexual Assault Allegations: ‘I Found Out The Real Truth’ 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.