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Behind the Buyouts: Kilometre Music Sings PE's Praises for Royalties thedeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thedeal.com Daily Mail and Mail on Sunday newspapers.
Publishing Briefs: Hipgnosis Raises $211 Million billboard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from billboard.com Daily Mail and Mail on Sunday newspapers.
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”. ....
Michael McCarty Music industry veteran Michael McCarty has launched a new venture, Kilometre Music Group, in partnership with Barometer Capital Management for a $200 million global music royalty fund. Industry veteran Michael McCarty has launched a new venture, Kilometre Music Group, with a goal to “reclaim music rights of Canadian artists.” A long-time champion and developer of Canadian songwriters, McCarty signed Sum 41, Three Days Grace, Billy Talent, Len and more when he helmed EMI Music Publishing Canada for 17 years. Then he served as chief membership and business development officer for performing rights organization SOCAN for seven years before leaving in November. ....