- Katy Perry has sold the rights to her music catalog for $225 million, which will significantly increase her net worth, potentially making her worth half a billion dollars.
- The deal includes all of Perry's albums released under Capitol Records, as well as her multi-platinum hits like "Firework" and "Teenage Dream."
- While fans are eager for new music from Perry, she has been focusing on her Las Vegas residency, American Idol judging gig, and personal life. She did announce a new fashion line, but no release date has been confirmed.
Katy Perry’s net worth is about to get a lot bigger, as the pop star has reportedly sold the rights to her music catalog for $225 million. However, fans continue to wonder if she’ll ever release a new song again, as it's been years since new music.
According to various reports, Katy recently closed the sale with Litmus Music. Through the acquisition, Litmus Music now owns Katy Perry's interest in the master recordings and publishing rights for her albums, signifying that the company will now be the recipient of any forthcoming royalties generated by her music.
The deal encompasses all of Perry's five albums released under Capitol Records, spanning from 2008's "One of the Boys" to 2020's "Smile." The agreement also covers multi-platinum hits such as "Firework," "Teenage Dream," "Hot 'n' Cold," "California Gurls," and "I Kissed A Girl."
Katy has a reported net worth of $330 million, so the lucrative deal has the potential to make her now worth half a billion.
Katy may have just sold her musical catalog, but many fans are wondering when the singer will release new music. However, she hasn’t confirmed if or when she’ll have new release.
Rather, the singer has been focusing on her Las Vegas residency and American Idol judging gig in addition to her personal life, including the young daughter she shares with her fiancé Orlando Bloom.
In 2020, Katy denied rumors that she was leaving the music industry. “Yeah, music, I’m never quitting that just because I’m going to be a mom,” Katy said in a livestream. However, only two years prior, the pop star revealed she wouldn’t mind taking a break from music given that she had been very career-oriented up until then.
“I feel like I’ve done a lot. I feel like I’ve rung the bell of being a pop star very loudly, and I’m very grateful for that,” Katy said in 2018. “I’ve been on the road for like 10 years, so I’m just going to chill.”
Katy may not be focusing on her music career, but the singer did announce a new project earlier this year – a fashion line.
In June, Katy shared a video on her Instagram account, showcasing a fresh pair of shoes she personally designed for the fashion line. In addition to unveiling her creation, the clip offered her followers an exclusive sneak peek at what the collection has in store, with plans for its release scheduled to coincide with the arrival of fall.
For now, Katy hasn’t confirmed a release date for the impending fashion line.