Kilometre Music Acquires Stakes In Drake, The Weekend, Bieber Songs
The acquisitions are but a part of a much larger parcel of catalogue acquisitions by the Canadian company that include rights to songs by acts such as Camilla Cabelo, The Chainsmokers, and Post Malone.
By External Source
Canadian music rights management company Kilometre Music Group has announced closing two new song catalogue acquisitions that significantly increases the Barometer Global Music Royalty Fund’s holdings in songs recorded by The Weeknd, Drake, and Justin Bieber.
The five-month-old Fund, primarily focused on acquiring rights from globally successful Canadian songwriters and artists, purchased a premier boutique publishing catalogue in a private, off-market deal that includes 300 songs consisting of global hits by Drake and The Weeknd and a significant stake in hit songs by Post Malone, Dua Lipa, Eminem, Camila Cabello, Rihanna, and Taylor Swift.
In a separate transaction, Kilometre announced purchasing 72 songs from the catalogue of hit songwriter Nasri Atweh, including his band Magic’s global hit song Rude, and Justin Bieber’s early hits–As Long As You Love Me, Never Say Never, and Mistletoe, the fourth largest selling Christmas song ever in the digital format.
With these new acquisitions, Kilometre’s catalogue now boasts 500 songs: including co-ownership of 56 Weekend songs, 31 Drake songs, and 12 Justin Bieber songs. They also have a stake in 26 Post Malone songs including his 5 biggest hits to date: Circles, Sunflower, Wow, Better Now, and Congratulations.
The Fund, owners claim, now co-owns 10% of the 100 most streamed songs of all time, and 7% of Spotify’s “Billions Club” – songs with 1 billion streams or more.
No purchase price was disclosed with the acquisitions.
Kilometre’s list of copyrights now includes hits such as:
Blinding Lights – The Weeknd (record breaker for longest charting song on Billboard Hot 100)
Save Your Tears – The Weeknd
In Your Eyes – The Weeknd
The Hills – The Weeknd
Earned It – The Weeknd
One Dance - Drake
Hotline Bling - Drake
Hold On We’re Going Home - Drake
Fake Love - Drake
Pop Style - Drake
Truffle Butter - Drake
Too Good – Drake / Rihanna
Needed Me - Rihanna
Levitating – Dua Lipa
Love Again – Dua Lipa
Sucker – Jonas Brothers
Closer – The Chainsmokers
Havana - Camila Cabello
My Oh My – Camila Cabello
Feel This Moment – Pitbull / Christina Aguilera
Swish Swish – Katy Perry
I Forgot That You Existed – Taylor Swift
Kamikaze - Eminem