Katy Perry Sells Music Catalog

Katy Perry , Sells Music Catalog.

On Sept.

18, Litmus Music announced that it purchased the pop star's music catalog for a reported $225 million.

Included in the deal are "Perry's stakes in master recordings and publishing rights" pertaining to her five albums released by Capitol Records, 'USA Today' reports.

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Litmus Music was co-founded by Dan McCarroll, the former president of Capitol Records.

Katy Perry is a creative visionary who has made a major impact across music, TV, film, and philanthropy, Dan McCarroll, co-founder of Litmus Music, via statement.

I'm so honored to be partnering with her again and to help Litmus manage her incredible repertoire, Dan McCarroll, co-founder of Litmus Music, via statement.

Litmus co-founder Hank Forsyth also issued a statement.

Katy's songs are an essential part of the global cultural fabric.

, Hank Forsyth, co-founder of Litmus Music, via statement.

We are so grateful to be working together again with such a trusted partner whose integrity shines in everything that she does, Hank Forsyth, co-founder of Litmus Music, via statement.

Other artists that have recently sold their music catalogs include Bob Dylan, Bruce Springsteen, Justin Bieber.

Other artists that have recently sold their music catalogs include Bob Dylan, Bruce Springsteen, Justin Bieber.

Other artists that have recently sold their music catalogs include Bob Dylan, Bruce Springsteen, Justin Bieber.

Paul Simon and Shakira.

Paul Simon and Shakira