On Monday, The Carlyle Group announced the "Firework" performer sold the rights of her songs and albums released between 2008 and 2020 to Litmus Music — for a reported $225 million, according to Deadline and Billboard.
The deal includes Perry's five albums released through Capitol Records — 2008's One of the Boys, 2010's Teenage Dream, 2013's Prism, 2017's Witness and 2020's Smile — which feature 16 singles that've since been certified multiplatinum by the RIAA. (The albums' masters will continue to be owned by Universal Music Group, Capitol's parent company, per Music Business Worldwide.)
"Katy Perry is a creative visionary who has made a major impact across music, TV, film, and philanthropy," said Litmus co-founder and chief creative officer Dan McCarroll, who's worked with the 38-year-old pop star since he was named president of Capitol Records in 2010.
McCarroll continued, "I’m so honored to be partnering with her again and to help Litmus manage her incredible repertoire."
Perry's released some massive singles throughout her career, with seven of them reaching No. 1 on the Billboard Hot 100: "I Kissed a Girl," "California Gurls," "Firework," "E.T.," "Last Friday Night (T.G.I.F.)," "Part of Me," "Roar" and "Dark Horse."
"Katy’s songs are an essential part of the global cultural fabric," Litmus co-founder and CEO Hank Forsyth said in a press statement, noting that the company is "so grateful to be working together again with such a trusted partner whose integrity shines in everything that she does."
Litmus launched last summer, and Keith Urban became the first artist to sell his catalog to the company in December 2022. Hit songwriter, producer and musician Benny Blanco then sold a "significant portfolio of compositions" to them in June of this year, per Litmus' website.
Of Perry's sale, Carlyle's managing director Matt Settle said in a press statement, "We believe this is a testament to the team’s ability to partner with the world’s top artists. Katy’s iconic songs have not only achieved outstanding commercial success but have significantly influenced popular culture."
Aside from the business deal, Perry's currently gearing up to wrap her Las Vegas residency Play with its final leg of shows at from Oct. 4 through Nov. 4.