The deal with the L.A.-based management company also brings electronic artists including Suki Waterhouse and LP Giobbi under the Firebird wing.
Also this week: OSN+ completes its purchase of a majority stake in Anghami, Jay Sean launches a label with Virgin Music Group and more.
The Fanatics founder and CEO (and "white party" maestro) offers sage business advice to star athletes and artists.
Additional investors include Bill Silva Entertainment, Guy Lawrence of Disclosure, Mt. Joy, TAG Music and Foundations Artist Management.
From his early venture capital work as part of Linkin Park to more recently advising Warner Recorded Music, he has become a trusted voice on innovation.
The major labels, angel investors, venture capital execs and more that are putting their money behind the innovative ideas that could move the music industry forward.
Deal includes rights to Perry's five chart-topping songs on 2010’s "Teenage Dream," plus songs from four other albums released between 2008-2020.
The company behind Billboard Arabia, SRMG says its investment will bolster Anghami's moves into podcasts and other areas.
A new wave of publishing rights to classic song catalogs may open up to investors thanks to U.S. copyright law, but master recordings are another story.
"I think there's an opportunity to pay music a lot more for what it's worth," says co-founder and CEO David Greenstein.
