You can be on Entrepreneur’s cover!

Katy Perry Sells Music Catalog For Hundreds of Millions—More Than Justin Bieber and Bob Dylan The singer sold the rights to all five of her albums for $225 million to British-based Litmus Music, according to a new report.

By Emily Rella

entrepreneur daily

Katy Perry may be the new "Dark Horse" of the pop industry after it was reported that she sold her entire music catalog for an estimated $225 million, putting her amongst the ranks of music legends like Bruce Springsteen and Bob Dylan who have also sold their catalogs for hundreds of millions of dollars.

Per the BBC, Perry, whose real name is Katheryn Hudson, sold the master recording royalties and publishing rights to all five of her albums, which were previously owned by Capitol Records, to British-based Litmus Music, a subsidiary of the Carlyle Group.

Universal Music Group, Capitol's parent company, will continue to own the master rights to the albums.

Katy Perry performs onstage during the Coronation Concert on May 07, 2023, in Windsor, England (Getty Images)

"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," said co-founder of Litmus Dan McCarroll in a press release.

Related: Report: Bruce Springsteen to Sell Catalog for $500 Million in Biggest Transaction for an Artist Ever

Perry has five albums — "One of the Boys" (2008), "Teenage Dream" (2010), "Prism" (2013), "Witness" (2017), and "Smile" (2020), and has had nine songs hit No. 1 on Billboard's Hot 100. In 2011, she became the first female artist to score five consecutive number-one singles off of the same album, "Teenage Dream."

Litmus Music purchased country singer Keith Urban's music catalog in December 2022 for an undisclosed amount of money.

Perry takes the lead from fellow popstar Justin Bieber who sold his entire catalog in January for $200 million.

Though the singer has not released an album since 2020, she is currently performing in Las Vegas for her residency show called "Play," which closes on November 4.

Related: Bob Dylan's Entire Music Catalog Sold for Estimated $200 Million

Perry is also in the process of filming American Idol Season 22 where she will return as a judge. The longstanding singing competition is set to premiere in Spring 2024.

Katy Perry's net worth is estimated to be around $330 million.

The singer has not yet publicly commented on the sale of her catalog.

Emily Rella

Entrepreneur Staff

Senior News Writer

Emily Rella is a Senior News Writer at Entrepreneur.com. Previously, she was an editor at Verizon Media. Her coverage spans features, business, lifestyle, tech, entertainment, and lifestyle. She is a 2015 graduate of Boston College and a Ridgefield, CT native. Find her on Twitter at @EmilyKRella.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Resumes & Interviewing

Build a Better Resume with This $35 Subscription

AI Resume Builder promises to help you apply to jobs twice as fast.

Side Hustle

He Took His Side Hustle Full-Time After Being Laid Off From Meta in 2023 — Now He Earns About $200,000 a Year: 'Sweet, Sweet Irony'

When Scott Goodfriend moved from Los Angeles to New York City, he became "obsessed" with the city's culinary offerings — and saw a business opportunity.

Marketing

I Got Over 225,000 Views in Just 3 Months With Short-Form Video — Here's Why It's the New Era of Marketing

Thanks to our new short-form video content strategy, we've amassed over 225,000 video views in just three months. Learn how to increase brand awareness through short-form video content.

Business News

Samsung Makes 6 Day Workweeks Mandatory for Executives as the Company Enters 'Emergency Mode'

Samsung said its performance "fell short of expectations" last year. Now executives are required to work weekends.

Productivity

6 Habits That Help Successful People Maximize Their Time

There aren't enough hours in the day, but these tips will make them feel slightly more productive.

Leadership

You Won't Have a Strong Leadership Presence Until You Master These 5 Attributes

If you are a poor leader internally, you will be a poor leader externally.