Kilometer Music Deal covers songs by Drake and Dua Lipa
Across all of the deals, Kilometer claims to have acquired the copyright and underlying royalty streams associated with all of the songs, but has not purchased any master recordings or revenue from the masters. The company declined to disclose the purchase prices.
According to Kilometre’s calculations, the fund now co-owns 10% of the 100 most-listened songs on Spotify of all time, and 7% of Spotify’s âBillions Clubâ – songs with a billion streams or more.
The Kilometer deals, along with the recent acquisitions of Dutch music management company Pythagoras Music Fund, are the latest purchases from publishing catalogs around the world by song funds backed by investors like London-based Hipgnosis Song Funds. , as well as the publishing branches of the major Universal Music Group labels. , Warner Music Group, and Sony Music Entertainment. In recent months, the catalogs of stars such as Bob Dylan, Tina Turner, Neil Young, Paul Simon and Stevie Nicks have been acquired.
Kilometer landed his first contract in April with Shaun Frank for his part of Chainsmokers’ “Closer”, followed in June by his contract with Canadian rapper Belly for 50% of the 180 songs, including “Blinding Lights” by The Weeknd, ” Earned It â,â The Hills â,â Save Your Tears âandâ In Your Eyes â.
While other funds and publishing houses are preying on catalogs of historical artists with careers and successes spanning 30, 40 and even 50 years, Kilometer targets young stars with more recent successes.
âWe have 56 songs from The Weeknd, 31 from Drake, 26 songs from Post Malone and 12 from Bieber,â says Rodney Murphy, president of A&R and Acquisitions Kilometer. âWe think it’s worth investing in these songs because they will be the biggest songs in the catalog of the future. We’re in the realm of nostalgia and lifelong copyright legacy and think these are the songs from the âStairway to Heavenâ catalog and the Beatles and Michael Jackson of tomorrow.
Atweh and Belly, both based in Los Angeles, are managed by Wassim “Sal” “SlaÃ¯by, which also runs The Weeknd. They have all known Murphy for over 15 years through SOCAN. Kilometer was created by the former executive of EMI Music Publishing and SOCAN Michael mccarty, producer-songwriter Gavin Brown and Murphy, who worked with McCarty on SOCAN.
Murphy says Kilometer’s three catalog deals with Canadians are attracting other potential sellers. âOur next deals are with other big catalogs that are not Canadian,â he says.
Abroad, Pythagoras Music Fund, a Dutch 100 million euro ($ 116 million) music management company funded by private and institutional investors, appears to be forging a similar path. The Laren, Netherlands-based company, which launched in February, said it was focused on acquiring music rights around the world, with a focus on mainland Europe. Last month, he finalized the purchase of the copyright to the music of Nanada Music and the main recordings of Red Bullet from the owner and founder of the company. Willem van Kooten. These catalogs contain 30,000 copyrights and 6,500 master recordings, including songs from the global hitmakers Golden Earring (“Radar Love”), Shocking Blue (“Venus”) and Focus (“Hocus Pocus”) as well as acts important Dutch such as BZN, Earth & Fire and Sandy Coast, according to a press release. (“Venus” has reached No. 1 on Billboard’s Hot 100 three times by three different artists: Shocking Blue, Stars on 45, and Bananarama.)
The fund will manage the assets of Nanada and Red Bullet, while van Kooten will remain on the board as a non-executive director, the company said.
“Willem is the godfather of the Dutch music industry,” says co-founder of Pythagoras Hein van der ree in a press release. “We feel privileged that Willem has entrusted PMF with his legacy.”
Pythagoras was co-founded by publishing veteran Van der Ree, Dutch composer-producer John Ewbank, investment specialist Michiel Boere and lawyer Rob hendriks. John brands is co-founder and consultant.