Pop star Katy Perry has sold the rights to her catalogue of music for a reported $225 million (€210.4m).
Perry completed the deal with Litmus Music on Monday 18 September.
The agreement covers the master royalty income and publishing rights for five of Perry's albums which she released between 2008 and 2020: One Of The Boys (2008), Teenage Dream (2010), PRISM (2013), Witness (2017) and Smile (2020).
The company is co-founded by ex-Capitol Records president Dan McCarroll, who said in a statement to Variety, "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."
Perry's back catalogue includes huge global hits I Kissed a Girl, California Girls and Firework.
Litmus Music launched in the summer of 2022 and made its first major acquisition that December, buying Keith Urban’s rights to his master recordings.
Perry is the latest music megastar to sell the rights to their music. In 2021, Tina Turner sold her back catalogue to for $300 million (€280.4m) while in 2022, Sony Music acquired publishing rights for six decades of Bob Dylan music for €260 million.