\n
Katy Perry has sold a bundle of her music rights to Litmus , with multiple sources pricing the deal at $225m (\u00a3182m).<\/p>\n
The sale, which was announced on Monday, covers all five albums Perry released for Capitol Records, from 2008\u2019s One of the Boys to 2020\u2019s Smile.<\/p>\n
That includes multi-platinum hits like Firework, Teenage Dream, Hot \u2018n\u2019 Cold, California Gurls and I Kissed A Girl.<\/p>\n
It is the biggest catalogue deal for a single artist this year.<\/p>\n
Justin Bieber was the previous title holder, after offloading his stake in his back catalogue to the UK-based Hipgnosis Songs Capital in January for $200m (\u00a3162m).<\/p>\n
Litmus now owns Perry\u2019s stake in the master recordings and publishing for the records, meaning it will collect any future royalties the music earns.<\/p>\n
Two of her songs \u2013 Dark Horse and Roar \u2013 have more than one billion streams on Spotify. Roar is also one of the most-watched videos of all time on YouTube, with 3.8 billion plays.<\/p>\n
A major star in the 2010s, 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.<\/p>\n
She will also return for her seventh season as a judge on American Idol next year.<\/p>\n
\u2018Her integrity shines\u2019<\/h2>\n
Litmus is a venture co-founded by former Warner and Capitol Records president Dan McCarroll and financed to the tune of $500m (\u00a3404m) by The Carlyle Group.<\/p>\n
According to a press release, the deal with Perry is rooted in McCaroll\u2019s \u201clongstanding working relationship\u201d with the singer when they were both at Capitol.<\/p>\n
Litmus co-founder and CEO Hank Forsyth said: \u201cKaty\u2019s songs are an essential part of the global cultural fabric. We are so grateful to be working together again with such a trusted partner whose integrity shines in everything that she does.\u201d<\/p>\n
The company previously acquired Keith Urban\u2019s rights to his master recordings and a \u201cportfolio\u201d of tracks by songwriter Benny Blanco, who has worked with Ed Sheeran, The Weeknd, Rihanna and Britney Spears.<\/p>\n
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.<\/p>\n
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