Katy Perry Sells Catalog for $225M to Litmus Music
Katy Perry sells her back library to Litmus Music for $225 million.
Publishing rights and master recordings are included in the deal.
covers Capitol Records, which released her five studio albums.
There are other albums, such as "One of the Boys," "Teenage Dream," "Prism," "Witness," and "Smile."
contains nine singles that reached No. 1, including "Firework" and "California Gurls."
Dan McCarroll, a former president of Capitol Records, co-founded Litmus.
Perry's residency in Las Vegas will end in November.
new artist to join the catalog sales trend.