Keith Urban

Katy Perry has sold a bundle of her music rights to Litmus Music, with multiple sources pricing The Deal at $225m (£182m).

The sale, which was announced on Monday, covers all five albums Perry released for Capitol Records , from 2008's One of The Boys to 2020's Smile.

That includes multi-platinum hits like Firework, Teenage Dream, Hot 'n' Cold, California Gurls and I Kissed A Girl.

It is the biggest catalogue deal for a single artist this year.

Justin Bieber was the previous title holder, after offloading his stake in his back catalogue to the UK-based Hipgnosis Songs Capital in January for $200m (£162m).

Litmus now owns Perry's stake in The Master recordings and publishing for The Records , meaning it will collect any future royalties The Music earns.

Two of her Songs - Dark Horse and Roar - have More Than one billion streams on Spotify. Roar is also one of the most-watched videos of all time on YouTube, with 3. 8 billion plays.

A major star in the 2010s, Perry has slowed her work rate down in recent years, concentrating on her Las Vegas residency and raising A Family with her partner, The Actor Orlando Bloom .

She will also return for her seventh season as a judge on American Idol next year.

Litmus Music Is a venture co-founded by former Warner Music and Capitol Records president Dan McCarroll and financed to The Tune of $500m (£404m) by The Carlyle Group.

According to a press release, The Deal with Perry is rooted in McCaroll's " longstanding working relationship" with The Singer when they were both at Capitol.

Litmus co-founder and CEO Hank Forsyth said: " Katy's Songs are an essential part of the global cultural fabric. We Are so grateful to be Working Together again with such a trusted partner whose integrity shines in everything that she does. "

The Company previously acquired Keith Urban 's rights to his master recordings and a " portfolio" of tracks by songwriter Benny Blanco , who has worked with Ed Sheeran , The Weeknd , Rihanna and Britney Spears .

The acquisition of music rights has been a booming business for The Last couple of years, with artists including Bob Dylan , Neil Young , Shakira, Debbie Harry and Justin Timberlake forgoing future royalties for upfront, nine-figure sums.

Source of news: bbc.com