ARTS + ENTERTAINMENT

Katy Perry sells her music catalog

Sep 19, 2023, 11:00 AM

Katy Perry performs during the 2015 Superbowl Halftime Show....

GLENDALE, AZ - FEBRUARY 01: Singer Katy Perry performs during the Pepsi Super Bowl XLIX Halftime Show at University of Phoenix Stadium on February 1, 2015 in Glendale, Arizona. (Tom Pennington/Getty Images)

(Tom Pennington/Getty Images)

LOS ANGELES, Calif. — Katy Perry has sold the rights to her music catalog to Litmus Music. Multiple sources, including Billboard and Variety, reported the price tag on that sale was $225 million. 

The sale includes Perry’s stakes in the master recording and publishing rights for her five albums. She released the albums between 2008 and 2020 under Capitol Records. 

The albums feature Perry’s nine hits that hit number one on Billboard’s Hot 100. The list includes the multi-platinum hits “California Gurls” and “Firework.” 

Perry was a major player in the music industry in the 2010s. She has since slowed her career down to focus on raising a family with her partner, actor Orlando Bloom, Variety reported. She is currently performing a residency in Las Vegas, and also does philanthropy work. 

Katy Perry and Litmus Music

Litmus Music is a music rights management company. It was co-founded by Hank Forsyth, a former executive of Warner Chappell Music, and Dan McCarroll, who is the former president of Capitol Records, according to USA Today

Previously, according to Rolling Stone, country singer Keith Urban sold his catalog to the  company. 

Catalog sales

It is common for superstar musical artists to sell their catalogs later in their careers. Royalties, or the payments artists and songwriters receive can fluctuate over time, depending on how popular a song is. 

When an artist sells their catalog, they are exchanging their rights to royalty payments for a lump sum. 

Selling their catalogs can guarantee the artist sees a certain amount of money. In an NPR podcast, Neda Ulaby, an arts and entertainment reporter for NPR said, “Many are senior citizens. They’re planning their estates.” 

Not all of them are older, however. Younger artists such as Shakira and Calvin Harris have also sold parts of their back catalogs, said Ulaby. A back catalog is the collection of an artist’s previously released work. 

Perry is just the latest artist to join the list. 

Related reading: 

We want to hear from you.

Have a story idea or tip? Send it to the KSL NewsRadio team here.

Arts + Entertainment

Abravanel Hall master plan...

Mark Jackson

Public comments heard at council meeting after Abravanel Hall master plan released

After an Abravanel Hall Master plans was announced on Tuesday, the Salt Lake City Council heard hours of public comments.

22 hours ago

FILE: Crossroads Urban Center is pictured in Salt Lake City on Wednesday, Dec. 1, 2021. Advocates f...

Ashley Fredde, KSL.com

Advocates urge officials to include affordable housing in new sports and entertainment district

Crossroads Urban Center wants Salt Lake officials to mandate deeply affordable housing in a new sports and entertainment district.

2 days ago

An aerial shot shows Maurice Abravanel Hall in Downtown Salt Lake City....

Mariah Maynes

Renovating Abravanel Hall “makes more sense,” petition organizer says

The organizer of a petition to save Abravanel Hall from demolition said that renovating the performance space will be cheaper than demolishing.

2 days ago

Weeks before Pride Month starts up, Spy Hop is celebrating love in all of its forms with Queer Prom...

Josuee Sanchez

Spy Hop hosting its second annual Queer Prom Friday

Weeks before Pride Month starts up, Spy Hop is celebrating love in all of its forms with Queer Prom. The event is free to attend.

5 days ago

ksl movie show host steve salles next to IF movie poster...

Steve Salles

KSL Movie Show review: ‘IF’ has a solid message and a sense of melancholy

In this KSL Movie Show review, host Steve Salles explores "IF," a movie with imaginary friends and an odd sense of melancholy.

6 days ago

People skate at Millcreek Common in Millcreek on Monday, Dec. 5, 2022. The New Americans Internatio...

Eric Cabrera

New Americans International Market offers space for newly settled Americans to share culture and connect

The New Americans International Market at Millcreek Common is helping new refugees and immigrants connect with the community.

6 days ago

Sponsored Articles

a doctor putting her hand on the chest of her patient...

Intermountain Health

Intermountain nurse-midwives launch new gynecology access clinic

An access clinic launched by Intermountain nurse-midwives provides women with comprehensive gynecology care.

Young couple hugging while a realtor in a suit hands them keys in a new home...

Utah Association of Realtors

Buying a home this spring? Avoid these 5 costly pitfalls

By avoiding these pitfalls when buying a home this spring, you can ensure your investment will be long-lasting and secure.

a person dressed up as a nordic viking in a dragon boat resembling the bear lake monster...

Bear Lake Convention and Visitors Bureau

The Legend of the Bear Lake Monster

The Bear Lake monster has captivated people in the region for centuries, with tales that range from the believable to the bizarre.

...

Live Nation Concerts

All the artists coming to Utah First Credit Union Amphitheatre (formerly USANA Amp) this summer

Summer concerts are more than just entertainment; they’re a celebration of life, love, and connection.

Mother and cute toddler child in a little fancy wooden cottage, reading a book, drinking tea and en...

Visit Bear Lake

How to find the best winter lodging in Bear Lake, Utah

Winter lodging in Bear Lake can be more limited than in the summer, but with some careful planning you can easily book your next winter trip.

Happy family in winter clothing at the ski resort, winter time, watching at mountains in front of t...

Visit Bear Lake

Ski more for less: Affordable ski resorts near Bear Lake, Utah

Plan your perfect ski getaway in Bear Lake this winter, with pristine slopes, affordable tickets, and breathtaking scenery.

Katy Perry sells her music catalog