American singer, Katy Perry has sold parts of her music rights to Litmus Music, at a staggering figure of $225m, making it the biggest catalogue deal for a single artist this year.
The sale which covers all five albums Perry released for Capitol Records, from 2008’s One of the Boys to 2020’s Smile,including multi-platinum hits like Firework, Teenage Dream, Hot ‘n’ Cold, California Gurls and I Kissed A Girl.
This sale means Litmus now owns Perry’s stake in the master recordings and publishing for the records, and is entitled to any future royalties the music earns.
Perry has slowed her work rate down in recent years, concentrating on her Las Vegas residency and raising a family with her partner, the actor Orlando Bloom
The acquisition of music rights has been a booming business for the last couple of years, with artists including Bob Dylan, Neil Young, Shakira, Debbie Harry and Justin Timberlake forgoing future royalties for upfront, nine-figure sums.
