Katheryn Elizabeth Hudson (born October 25, 1984), known professionally as Katy Perry, is an American singer, songwriter, and television judge. After singing in church during her childhood, she pursued a career in gospel music as a teenager.
Perry signed with Red Hill Records and released her debut studio album Katy Hudson under her birth name in 2001, which was commercially unsuccessful. She moved to Los Angeles the following year to venture into secular music after Red Hill ceased operations and she subsequently began working with producers Glen Ballard, Dr. Luke, and Max Martin.
After adopting the stage name Katy Perry and being dropped by The Island Def Jam Music Group and Columbia Records, she signed a recording contract with Capitol Records in April 2007.
Today (September 18), Billboard reports that Katy Perry has sold all five of her Capitol Records albums to Litmus Music, a catalog rights company, for $225 million.
The deal includes the master recording royalties and music publishing rights to One of the Boys, Teenage Dream, PRISM, Witness and Smile.
Litmus Music, which is under global investment firm The Carlyle Group LP, launched in August 2022 with $500 million funding.
Since then, it has acquired the rights to music by benny blanco and Keith Urban. Read Next: Katy Perry kicks off Vegas residency “Katy Perry is a creative visionary who has made a major impact across music, TV, film, and philanthropy,” Litmus co-founder and chief creative officer Dan McCarroll told Billboard. “I’m so honored to be partnering with her again and to help Litmus manage her incredible repertoire.” Matt Settle, managing director at The Carlyle Group, told Billboard: “We believe this is a testament to the team’s ability to partner with the world’s top artists.Read more on thefader.com
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