Katy Perry has decided to transfer her musical works to Litmus Music. According to Variety, the label started last summer and in the winter signed its first contract with country singer Keith Urban, who is happily in a relationship with Nicole Kidman. The contract earned her an impressive sum of money. Katy’s collaboration with Litmus Music is valued at $225 million.
The singer agreed to give the rights to five studio albums. We are talking about the records “One of the Boys”, “Teenage Dream”, “Prism”, “Witness” and “Smile”. All releases were made between 2008 and 2020. The company was not interested in the debut compilation “Katy Hudson”. At the same time, it is specified that Perry sold only her share. Another part of the copyright still belongs to Universal Music Group.
One of the founders of the young firm is Dan McCarroll. In the past, he held a high position in the recording company Capitol Records. With her Katy cooperated for many years, so the fresh arrangements as if symbolise a return to the roots.
“Katy Perry is a creative visionary who has had a significant impact on music, television, film and philanthropy. I am honoured to collaborate with her again and help Litmus Music dispose of her magnificent repertoire,” said McCarroll.