With a string of hit singles, a sold-out world tour and a successful Las Vegas residency, singer-songwriter Katy Perry is recognized as one of the biggest pop stars in recent years , and the "American Idol" judge just sold her music catalog for $1. A tear-inducing amount.
Litmus Music, a catalog rights company backed by private equity firm Carlyle Group LP, confirmed it has acquired Katy Perry studio albums released by Capitol Records between 2008 and 2020, Billboard reports of copyright.
Sources say the "Roar" hitmaker was paid up to $225 million in mastering royalties and music publishing rights for five albums, including 2008's One of the Boys , 2010's "Teenage Dream " in 2013, "Prism" in 2013, "Witness" in 2017 and "Smile" in 2020.
Perry's record-breaking discography includes hit singles such as "Firework," "Last Friday Night" and "The One That Got Away," all of which appeared on the 2010 release Teenage Dream, The album made her the first female artist in history to have a single album reach number one on the Billboard charts five times.
Meanwhile, in 2023, the singer's hit single "California Gurls" received Diamond certification from the RIAA (Recording Industry Association of America), meaning the single has sold at least 10 million copies in the United States alone . According to Forbes , Perry has earned a total of four Diamond singles so far in her career, making her the most Diamond-certified female musician in history.
The singer's music catalog has reportedly earned $225 million, which will further add to Perry's already impressive net worth, as her music sales, her global tour total, TV appearances, and ongoing 's Las Vegas residency, her shoe line and endorsements have all boosted Perry's net worth. , perfume, etc.
