Katy Perry has reportedly sold her music rights to Litmus Music, the Carlyle-Global backed company co-founded by former Capitol Records President Dan McCarroll, for $225 million, the company announced Monday.

The deal includes Perry’s stake in master recordings and publishing rights for the five albums she released between 2008 and 2020: “One of the Boys,” “Teenage Dream”, “Prism,” “Witness” and “Smile.” Universal Music Group continues to own the masters of those albums.

Perry’s catalog sale was reportedly finalized earlier this year and follows other 2023 music rights deals like Justin Bieber’s $200-million sale to Hipgnosis Songs Capital, demonstrating that household name artistes can still command top dollar even as high-interest rates moderate investors’ appetites for song rights.

After years as a major superstar during the 2010s, Perry has slowed her career, focusing on residencies in Las Vegas, philanthropy work, and raising a family with her partner, Actor Orlando Bloom.

Litmus launched in the summer of 2022 and made its first major acquisition the following December, buying Keith Urban’s rights to his master recordings.