Music Business Worldwide
February 23, 2021
Michael McCarty
There’s a new megabucks music fund on the prowl for copyrights – and it’s waving a maple leaf flag.
Kilometre Music Group is a new music rights management company from Canadian music biz veterans Michael McCarty, Gavin Brown and Rodney Murphy. It’s specifically looking to buy a whole lot of music rights created in Canada.
Kilometre has partnered with independently-owned, Toronto-based investment firm Barometer Capital Management Inc., which currently manages more than $1 billion in assets.
The two companies have formed the Barometer Global Music Royalty Fund, a limited partnership with a “targeted size of USD $200 million”.