Did Katy Perry really quietly sell her assets due to business losses?

Katy Perry is no longer chained to the rhythm.

On Monday, Litmus Music announced that the pop star sold her catalog for a reported $225 million, according to Variety and Billboard.

The deal includes Perry’s stakes in master recordings and publishing rights to her five studio albums released under Capitol Records:

breakthrough album “One of the Boys”; the hit-spawning “Teenage Dream” and “Prism”; the divisive “Witness”; and the motherhood-inspired “Smile.”

Those albums feature Perry’s nine No. 1 hits on the Billboard Hot 100, including “Firework,” “California Gurls” and “I Kissed a Girl.”

Litmus is a music rights company co-founded by former Capitol Records president Dan McCarroll.

“Katy Perry is a creative visionary who has made a major impact across music, TV, film, and philanthropy,” McCarrell said in a statement obtained by USA TODAY.

“I’m so honored to be partnering with her again and to help Litmus manage her incredible repertoire.”

“Katy’s songs are an essential part of the global cultural fabric,” Litmus co-founder Hank Forsyth continued in a press release. “We are so grateful to be working together again with such a trusted partner whose integrity shines in everything that she does.”

USA TODAY has reached out to Perry’s representative for comment.

Perry, 38, has been waking up in Vegas since late 2021, when she opened her candy-colored “Play” concert in Sin City. She wraps the Las Vegas residency in November and will next return as a judge on Season 22 of “American Idol.”

The Grammy-nominated superstar is the latest in a long line of artists to recently sell off their catalogs. Bruce Springsteen, Justin Bieber, Bob Dylan,

Shakira and Paul Simon are just a few of the A-list singers who have made headlines with multimillion-dollar deals for their music rights.

“(Artists) know this may not last forever,” Lisa Alter, founding partner of Alter Kendrick and Baron, previously told USA TODAY. “Buyers may run out of money. And it makes a lot of sense for someone later in their career.

Why not enjoy (the money) while I can? It can also create a simpler situation for heirs that they’re just inheriting money. And younger artists are looking at (the trend) and saying, my work is generating significant income today, so why not get the money now while my work is really hot?”

Follow us to see more useful information, as well as to give us more motivation to update more useful information for you.

Related Posts

Nicki refused to go on stage to receive the award for the ‘Pink Friday’ album due to this humorous reason (Video)

Nicki Minaj appears to have addressed Wack 100 saying that her latest album, Pink Friday 2, hasn’t been as big as people and media are making it…

Nicki revealed the huge amount of money that Bia spent to invite her to collaborate on the rap ‘Whole Lotta Money (Video)

Nicki Minaj, the rap superstar and cultural phenomenon, has teamed up with BIA, the rising rapper and singer, for a remix of BIA’s hit song “Whole Lotta…

Nicki and Beyonce caused a storm when they collaborated but lost points due to this strange detail in the MV (Video)

I think we can all agree that one of the best days of our collective lives was when Nicki Minaj and Beyoncé dropped the “Feeling Myself” music…

Why does Nicki consistently refuse to mention her husband Kenneth Petty’s past in press interviews? (Video)

The rapper reflects on how she and her husband handled their son’s infancy together as a team. In a rare, intimate interview for Vogue’s December issue cover…

Nicki sparked outrage when she refused to perform her most beloved hit on stage, why? (Video)

Nicki Minaj stopped performing halfway through her 2012 hit “Starships” during a New Year’s Eve celebration at E11EVEN in Miami on Sunday. In a TikTok video, which…

Nicki decided to have a breast reduction just to wear this dress, really? (Video)

Nicki Minaj revealed that her outfit at the 2022 Met Gala convinced her to get a breast reduction. While looking at a photo of the ensemble during…