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American singer Katy Perry has sold the rights to her entire music catalogue, which includes the five studio albums she released between 2008 and 2020, for 225 million dollars to the Litmus Music company.
The deal, which was announced on 15 September 2023, is considered one of the most lucrative in music history.
Perry, who began her recording career in 2008, is one of the world's most successful artists. She has sold more than 16 million albums and 135 million singles worldwide, and has won five Grammy Awards.
Perry's catalogue includes hits such as 'Roar', 'I Kissed a Girl', 'Firework' and 'Dark Horse'. The rights to this catalogue will allow Litmus Music to control the distribution, licensing and sale of Perry's songs.
The sale of Perry's catalogue comes at a time when music royalties are fetching record prices.
In recent years, several major music stars, including Taylor Swift, Bruce Springsteen and Bob Dylan, have sold their catalogues for multi-million dollar sums.
All of Katy Perry's businesses
- Katy Perry Collections: a line of perfumes, clothing and accessories.
- Katy Perry Beauty: a cosmetics line.
- Katy Perry Home: a line of home goods.
- Katy Perry Productions: a television and film production company.
- Katy Perry Foundation: a philanthropic foundation that supports women and children.
In addition to these businesses, Katy Perry has also been involved in a number of endorsement deals with brands such as CoverGirl, Pepsi, H&M and Moschino. According to Forbes magazine, Katy Perry has earned more than 600 dollars million in her career.
This figure includes revenue from album sales, touring, endorsements and other business deals.
In 2015, Perry was the highest earning female artist in the world, earning 135 million.
This figure was largely due to her Prismatic World Tour, which grossed more than 200 million worldwide.