Katy Perry is just a little bit richer today!
Perry has sold her music rights to the private-equity Carlyle-backed company, Litmus Music which was co-founded by former Capitol Records president Dan McCarroll, for $225 million.
The deal includes Perry’s stakes in master recordings and publishing rights for five albums released between 2008 and 2020 — “One of the Boys,” “Teenage Dream,” “PRISM,” “Witness,” and “Smile.”
Litmus Music launched in 2022, with a $500 million investment made its first major acquisition in December, purchasing Keith Urban’s rights to his master recordings.
