Canada-based Kilometer Music Group, through its Barometer Global Music Royalties Fund, said it has acquired the publishing catalog of American record producer Cardo (Ronald Latour Jr.).
The deal expands Kilometre’s product range to what the company says is 3,000 song. According to Kilometre, nine of the songs rank among Spotify’s top 20 most-streamed songs of all time, including the following artists: The Weeknd, Post Malone, Drake, Dua Lipa, Chainsmokers, Halsey and Travis Scott.
Kilometers has confirmed its latest deal bringing its total investment in music copyrights to close to US$150 million.
Kilometer said its latest acquisition covers approx. 350 songs, including several hits such as DrakeBillboard Hot 100 No. 1 single God’s plan, as well as other Drake tracks such as wants and needs feature lil baby and Now laugh for a while and then cry feature Lil Durk.
The deal also includes Travis ScottTop Songs of 2016 goosebumps, has accumulated more than 3.3 billion Stream on Spotify, along with other songs by Travis Scott such as through the night feature child kudi and World Health Organization? What? From his 2018 Astroworld album.
Kado also has Kendrick Lamar songs like this Euphoria, savior, god, big shot with Travis Scott, and family ties and baby Pillar. Other important titles in the deal include sheof slide and don tolliverof private login, What are the characteristics justin bieber and future.
“Cado is a prolific music producer who has produced some of the most culturally influential songs for some of the biggest artists of the streaming era.”
Rodney Murphy, Kilometer Music Group
“Cardo is a prolific music producer who has produced some of the most culturally influential songs for some of the biggest artists of the streaming era. Kilometre’s collaboration with Cardo is very important to us and we are honored To be able to be a part of his life’s work,” said Kilometer President Rodney Murphy.
Commenting on the deal, Cardo said: “Thanks to my team, my lawyers and Kilometer, I now have the opportunity to purchase a spacecraft.”
“The fund’s investment in music copyrights is now approaching US$150 million Kilometer’s chief financial officer added: “This transaction further strengthens Kilometer Music Group’s position as a leading force in modern music publishing.” james Freeman.
“The fund’s investment in music copyrights is now approaching US$150 million The transaction further solidifies Kilometer Music Group’s position as a leading force in modern music publishing.
james Freeman, Kilometer Music Ensemble
Added Freeman: “Kilometre continues to deliver on its core mission of building a portfolio of quality songs that includes hits from the most important artists during the greatest era of growth in the history of the music industry.”
co-founder Michael McCarty and Rodney Murphy In 2021, Kilometer Music Group partners with independently owned Toronto investment firm Barometer Capital Management. to create Barometer Global Music Royalty Fund. The fund’s mission “is to build a best-in-class catalog of high-quality, durable music rights and royalty streams.”
Earlier this year, Kilometer Music acquired a stake in the hit single lavender mist and karma from Taylor fast‘s Grammy Award-winning album midnight. Kilometer said its fund also increased its stake in The Weeknd’s hit song Dazzling lights, save your tears, and Earned And took a stake in The Weeknd’s third most-streamed song star boy to its investment portfolio. The deals were struck with “various co-writers and producers of hit songs.”
More than a year ago, Kilometer received US$50 million Credit facilities for financial services companies peak financial partner.
global music business
