Katy Perry's music catalog sold for $225 million

Pop singer Katy Perry has sold her music catalog to Litmus Music, a subsidiary of The Carlyle Group, for $225 million. The deal includes Perry's five studio albums recorded between 2008 and 2020. Litmus co-founder and CEO Hank Forsyth praised Perry's songs as an essential part of global culture and expressed gratitude for the partnership. Perry, known for hits like "I Kissed a Girl" and "Hot N Cold," has recently focused on building a family with fiancé Orlando Bloom and serving as a judge on ABC's "American Idol."

However, she has faced criticism for her feedback to contestants on the show. Perry joined "American Idol" in 2018 and will return as a co-judge for the 2024 season. In addition to her music career, she embarked on a residency called "Play" at Resorts World Las Vegas in 2021. At a recent concert, Perry hinted at potential new music, signaling the start of a new era. A representative for Perry has not commented on the sale of her music catalog.


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