Katy Perry is the latest singer to sell-off their music catalogue.
According to Deadline, Perry sold her music rights to Litmus Music, which was co-founded by Capitol Records president Dan McCarroll. Perry is currently signed to Capitol Records.
The deal for her catalogue was reportedly for $225 million and it includes her five albums and hit singles like “Teenage Dream,” “Dark Horse” and “Roar.” In a statement, McCarroll called Perry a “visionary” and spoke on her impact in popular culture. “Katy Perry is a creative visionary who has made a major impact across music, TV, film, and philanthrop…