Katy Perry has just closed a multi-million dollar sale. The Carlyle Group announced Monday that the music rights business Litmus Music had acquired the music rights to the singer's first five studio albums for $225 million.

The sale makes Litmus Music the owner of the music rights to the albums "One of the Boys" (2008), "Teenage Dream" (2010), "Prism" (2013), "Witness" (2017) and "Smile" (2020) as well as songs such as 'I Kissed a Girl' and 'Teenage Dream.' This was stated by the founder and former president of Capitol Records (former owner of these records), Dan McCarroll. He issued a statement published by the group Carlyle explaining what it meant for them to take over the musical rights of the pop artist:

The company's CEO and co-founder, Hank Forsyth, agrees. He claimed that Katy Perry's songs are a great asset and "an essential part of the global cultural fabric":

Katy Perry, the latest singer to join the Carlyle Group

The CEO of the Carlyle Group, Matt Settle, said that closing a long-rumored sale proved Litmus Music's ability to "partner with the world's top artists":

This isn't the only deal they've closed. Variety reported that the Carlyle Group recently acquired the commercial rights of artists such as Justin Bieber, Justin Timberlake, Avicii, Sting, Neil Diamond, Tina Turner, Shakira and Bruce Springsteen, among others.

This agreement is part of the investment made by Carlyle Global Credit. The company has deployed more than $3 billion dollars to acquire some of the most valued assets from the sports, media and entertainment space since 2018.