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Canadian investor snaps up stake in rapper Belly's music, including the Weeknd hits | iNFOnews


David Friend
Ottawa rapper Belly, shown in a handout photo, is selling a 50 per cent stake in his songs, including part of his co-writing royalities for the Weeknd’s “Blinding Lights,” to newly formed Canadian music rights management company Kilometre Music Group. THE CANADIAN PRESS/HO-David Black MANDATORY CREDIT
June 10, 2021 - 3:03 AM
TORONTO - Ottawa rapper and long-time Weeknd collaborator Belly is selling a 50 per cent stake in his songs to a newly formed Canadian music rights management company.
Kilometre Music Group tells The Canadian Press it has struck a deal with the Juno-winning musician for partial rights to 180 songs from Belly’s back catalogue. Financial terms of the agreement were not disclosed. ....

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Music royalties are a hit among yield-hungry investors


The portfolio of Toronto-based Music Royalties Inc., which plans to go public this year, includes songs from contemporary artists such as Drake, pictured in London in 2015, as well as legendary bands including the Rolling Stones, the Who and the Kinks. THE CANADIAN PRESS/AP, Invision - Jonathan Short
Jonathan Short/The Associated Press
The Rolling Stones, Fleetwood Mac, Madonna, Drake, Justin Bieber and the Weeknd have topped music charts during different decades thanks to diehard fans. Now, their songs have struck a chord with yield-seeking investors, too.
Welcome to the music-royalty gold rush. Canadian investment funds and entertainment-focused firms have joined a global party in buying up rights to music catalogues that can generate royalty payments when songs are bought, streamed, performed or used in Peloton fitness classes. ....

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