Here is this week's Nielsen Market Watch report which features Canadian music stats for the current week and YTD with comparisons to last year. This chart is published every Tuesday.
By External Source
Here is this week's Nielsen Market Watch report which features Canadian music stats for the current week and YTD with comparisons to last year. This chart is published every Tuesday. The abbreviation "TEA" is a term used to describe the sale of music downloads or singles. A track equivalent album is equal to 10 tracks, or 10 songs.
Cardo
“Thank you to my team, my lawyer and Kilometre for giving me an opportunity to buy a spaceship now," said American producer and songwriter Cardo of the acquisition, which includes the No. 1 hit "God's Plan," plus songs by Travis Scott, H.E.R. and more.
Kilometre Music Group has made a significant acquisition, bringing a No. 1 hit under their management.
The Canadian publishing company has acquired the catalogue of Drake producer Cardo, who collaborated on the massive single and Billboard Hot 100-topping "God's Plan," as well as hits like "Laugh Now, Cry Later" and "Wants and Needs."
The 350-song catalogue also comes with Travis Scott's 2016 hit "Goosebumps" and the Kid Cudi-featuring "Through the Late Night." Cardo has also collaborated with Kendrick Lamar on tracks like the Drake-dissing "euphoria." Other titles include “Slide” by H.E.R. and “Private Landing” by Don Toliver featuring Justin Bieber and Future.
"Thank you to my team, my lawyer and Kilometre for giving me an opportunity to buy a spaceship now," said Cardo (Ronald Latour Jr.) of the deal.
Founded just three years ago by Canadian music veterans Michael McCarty and Rodney Murphy, Kilometre has made a name for itself in a period when catalogue acquisitions have become some of the hottest deals in the industry. In partnership with Barometer Capital Management Inc., the company created the Barometer Global Music Royalty Fund with a focus on investing in Canadian catalogues and "bringing home the rights to our most important music," as McCarty put it at the time.
This deal brings Kilometre's investment in music rights close to $150 million USD, the company says.
Kilometre manages 3000 songs including 37 titles in Spotify's Billions Club, including The Weeknd's "Blinding Lights," which this year became the first song to hit four billion streams on the app. Other titles include The Weeknd's “Save Your Tears,” “Starboy” and “Die For You,”; “Sunflower” by Post Malone; Drake’s “One Dance”; “Levitating” by Dua Lipa; and “Closer” by the Chainsmokers ft. Halsey.
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