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| Credit: Katy Perry/Instagram |
Ending months of speculation, Katy garnered attention on Monday (September 18) when reports emerged that she had sold the rights to her catalog to Litmus Music – a music rights company founded by former Capitol Records president Dan McCarroll (Perry’s longtime label home) – for an impressive $225 million.
Under the agreement, Katy has transferred ownership of her masters for her five major label studio albums, including "One of the Boys," the record-breaking "Teenage Dream," "Prism," "Witness," and "Smile," along with her chart-topping hits like "Roar," "Firework," "I Kissed a Girl," and more.
“Katy Perry is a creative visionary who has made a major impact across music, TV, film, and philanthropy. I’m so honored to be partnering with her again and to help Litmus manage her incredible repertoire,” stated McCarroll in an official announcement.
Hank Forsyth, Co-Founder and Chief Executive Officer of Litmus Music, echoed this sentiment, saying, “Katy’s 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.”
This news arrives just weeks after Katy revealed her upcoming role as a judge on ABC's "American Idol" and her ongoing work on her highly-anticipated sixth major label studio album, possibly followed by a worldwide tour.
Read next: Top 5 Best Katy Perry Songs: A Pop Icon's Most Iconic Hits
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