Katy Perry's Music Catalog Fetches $225 Million in Record-Breaking Sale

Katy Perry has sold her music catalog, including all five of her studio albums and 16 multi-platinum singles, to Litmus Music, a venture co-founded by Capitol Records president Dan McCarroll and financed by The Carlyle Group, for a reported $225 million. The deal marks a partnership between Litmus and Perry, with McCarroll expressing his honor to work with her again. Litmus Music's CEO described Perry's songs as an essential part of global culture, while Carlyle expressed gratitude for the opportunity to collaborate with such a trusted partner. Perry's albums covered in the deal were released between 2008 and 2020, with Universal Music Group retaining ownership of the masters.