Canadian music rights management company Kilometer Music Group has acquired two catalogs of songs, from Murda Beatz and Bryson Tiller.
Deals include producer/songwriter Murda Beatz’s hits recorded by Drake, Travis Scott, 2 Chainz, Gucci Mane and Migos, as well as artist Bryson Tiller’s full multi-platinum selling catalog with his 2015 debut, Soul trap.
According to Kilometer, the deals “significantly increase” its Barometer Global Music Royalty Fund’s holdings “in the best songs of the modern era of pop, rap and R&B.”
Kilometer was started by music industry veterans Michael McCarty, Gavin Brown and Rodney Murphy and is specifically looking to buy Canadian-made music rights.
In February 2021, Kilometer partnered with Toronto-based independent investment firm Barometer Capital Management Inc., which currently manages over $1 billion in assets.
The two companies formed the Barometer Global Music Royalty Fund, a limited partnership with a “target size of US$200 million”.
The nine-month fund has now bought the 285-song Murda Beatz catalog of Drake hits, including Portland, raise, No long talk, With youand number 1 on the Billboard Pleasant for what who spent eight weeks in the top spot in 2018.
Kilometer says that with this acquisition, it now has a total of 36 Drake songs in the fund.
Additionally, the acquisition also includes Travis Scott’s hit Butterfly EffectNipsey Hustle’s biggest fire release ‘Grindin’ all my life and a “42-song entry” in the Migos catalog, including their hit Sports car.
According to Kilometer, Bryson Tiller’s 78-song catalog includes all three releases from his album and features performances on all the songs he co-wrote with other artists.
The catalog includes his 2015 platinum debut album soul trapwhich earned him a Grammy nomination for Best R&B Song for Swap and his song 7X platinum and Billboard Top 10 R&B Don’t.
Tiller’s 2017 album true to self debuted at No. 1 on the Billboard Top 200 album chart and 2020 album Anniversary debuted at No. 5 on Billboard’s Top 200 Albums chart.
Tiller co-wrote and appeared on songs with Rhianna, Drake, HER, Summer Walker, Chris Brown, and the release of DJ Khalid wild thoughts, which reached No. 2 on the Billboard Hot 100 chart and has over 850 million streams on Spotify alone.
With these new acquisitions, Kilometer says its catalog portfolio now includes more than 900 songs, with The Fund co-owning 10 of the 100 most-streamed songs of all time, and 7% of Spotify’s “Billions Club” – songs with 1 billion streams or Suite.
“We are honored that Murda has entrusted us with his life’s work, and we are thrilled to build this partnership with him.”
Rodney Murphy, mile
Rodney Murphy, President of Kilometer at A&R and Acquisitions, said, “I have worked with Murda for over six years and have been amazed by his tireless work ethic and undeniable ability to create classic modern rap hits. at a prolific rate.
“We are honored that Murda has entrusted us with his life’s work, and we are thrilled to build this partnership with him.”
“Kilometer has quietly taken big steps and built something special.”
Murda Beatz
Murda Beatz, (real name Shane Lindstrom) said, “Kilometer has quietly taken great strides and built something special.
“Rodney Murphy has supported me from day one and there is no company I trust more with my catalog than Kilometre”.
“Bryson Tiller is one of the most influential R&B singer-songwriters of the modern era.”
Michael McCarty, mile
Kilometer CEO Michael McCarty added, “Bryson Tiller is one of the most influential R&B singer-songwriters of the modern era.
“His album TrapSoul is an instant classic and will go down in history as one of the most influential records of its time.
“The fact that it has already received billions of streams is proof of its impact on popular culture and that its catalog is the evergreen R&B soundtrack of the future.”The music industry around the world
