Katy Perry sells her music archive for $225 million

After an artistic career that spanned more than 20 years, American singer Katy Perry reached a deal worth $225 million, under which she sold the rights to her singing archive to Litmus Music International.

According to Billboard magazine, Litmus purchased the rights to her five albums between 2008 and 2020, including her album Teenage Dream, which she released in 2010 and was nominated for a Grammy Award.

But this deal does not mean that the company has the authority to interfere in Katy Perry’s contracts, especially her contract with Universal Group; Which manages Perry’s work to produce albums and perform at concerts and festivals. The five albums previously produced by Capitol Records are One of the Boys, Teenage Dream, PRISM, Witness and Smile. No further details of the deal were revealed.

Perry first made her way onto the music scene in 2008 with her single “I Kissed A Girl.” The Santa Barbara-born star has achieved major successes with her singles and album sales.

Katy Perry participates in the judging panel of the singing competition program “American Idol”, along with singer Lionel Richie, the young singer and Luke Bryan. After the release of her second album in 2010, Teenage Dream, she became the only artist to tie Michael Jackson with five number one singles from the same album.

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