Katy Perry recently made a big career move as she reportedly sold her music rights to a company, but fans online shared their personal opinions over the deal and most of them agreed that the pop star was "robbed" because her music was worth more than what she was paid for.
According to Variety, the "International Smile" hitmaker sold her music catalog to a company called Litmus Music and it was confirmed on Monday.
Insiders revealed that the negotiation between the singer and the company ended up at a price of $225 million.
Katy Perry has sold her catalog to Litmus Music for $225 million — including 'Teenage Dream' and her four other albums released between 2008 and 2020. #BillboardNews pic.twitter.com/NCzNNsu0oD
— billboard (@billboard) September 18, 2023
Looking inside the deal, it covers all of the "American Idol" judge's stakes in master recordings and publishing rights for the albums she released from 2008 to 2020.
As of 2023, the musician has five albums: "One of the Boys" in 2008, "Teenage Dream" in 2010, "Prism" in 2013, "Witness" in 2017, and her most recent, "Smile" in 2020.
Perry, whose real name is Katherine Elizabeth Hudson, was not the first singer whose music was bought by Litmus Music as the company also had a deal with Keith Urban in late 2022.
Katy Perry Fans Believe Pop Star Was 'Robbed'
After the news of the deal between the singer and the music company, fans immediately expressed their disappointment over the matter as many of them believe Perry's music is worth more than $225 million.
"they robbed her, she is worth way more," one wrote.
"What?! Her iconic discography is worth far more than that," another one reacted.
"Girl, I know you lying. Teenage Dream ALONE is worth more than that!" one exclaimed.
"best to sell it off now and get something for it before... idk.. why did you do this? that catalog will continue to grow in value and does this include future works?!" one expressed.
As of this writing, Katy Perry has yet to share her thoughts about the deal publicly.
Katy Perry Net Worth 2023
Katy Perry has been working in the music industry for more than a decade now and was one of the most iconic pop artists of her generation.
As of 2023, Parade reported that the pop superstar's net worth is estimated to be around $330 million. One of the main contributors to her wealth is her career in music, including album sales, online streams, tours, and her most-recent Las Vegas residency.
In addition, she also earns money through endorsements with several major brands.
READ MORE: Katy Perry New Album 2023: Is 'American Idol' Judge Finally Making a Comeback?
