Canadian Music Investment Company Purchases Copyright From Producer Drake Murda Beetz

Canadian Music Investment Company Purchases Copyright From Producer Drake Murda Beetz

Sydney, 2022-01-28 12:13:22. Canadian Music Investment Company Purchases Copyright From Producer Drake Murda Beetz


TORONTO – Producer Drake and Migos Morda Beatz is selling the copyrights to hundreds of his songs to a Canadian start-up music investment fund.

Kilometer Music Group told The Canadian Press it had purchased 285 songs the 27-year-old helped create through 2020, including Drake’s #1 song “Nice For What,” and other clips from the Toronto rapper’s library, among them “Elevate”. ‘ and ‘Portland’ and ‘with you’.

The fund also acquired the rights to Murda Beatz in Travis Scott’s Butterfly Effect, Nipsey Hussle’s Grindin’ All My Life and stakes in 42 songs by Migos rap trio, most notably the 2017 song “Motorsport,” which featured Nicki Minaj and Cardi B.

Financial terms were not disclosed. The Murda Beatz Agreement does not cover the Producer’s share of the master recordings for each song.

What Kilometer gets is royalties payments every time the lyrics or music are used in a variety of circumstances, including if the track is re-created in another song, printed as sheet music, performed by another artist in concert or made into a movie or TV series.

Murda Beatz, born Shane Lindstrom and raised in Fort Erie, Ontario, rose to fame in the mid-2010s thanks in part to artist shouts on tracks that often opened with the phrase “Murda on da beat.”

He was nominated at this year’s Grammy Awards for his work on Ariana Grande’s 2020 album “Positions”.

In another deal, Kilometer had 78 songs in the Louisville, Ky. catalog. Rapper Bryson Tiller, whose 2015 debut album “Trapsoul” featured the songs “Don’t” and “Exchange”.

The deals are the latest in a series of acquisitions by music rights management companies and record companies hoping to buy song rights from the world’s most successful music business and generate more revenue through live broadcasting, ad placement and other sources.

Earlier this week, Sony Music Entertainment announced that it had acquired Bob Dylan’s music catalog, including the recordings for “Knockin’ on Heaven’s Door” and “Blowin’ in the Wind.”

The Hipgnosis Songs Fund, another music rights player run by Middleton, NS-born Merck Mercuriadis, struck a number of major deals last year.

The fund bought a 50 percent stake in 1,180 Neil Young songs, as well as the rights to some of Winnipeg-born pop rock producer Michael Buble’s Christmas work and Metallica’s Enter Sandman.

Since its launch last spring, Kilometer has focused on Canadian artists willing to sell their property for a down payment.

Many of their notable purchases were in Canada’s vibrant hip-hop and rap community.

The fund acquired a 50 percent stake in 180 songs from rapper Billy’s Ottawa catalog, including the co-writing rights to The Weeknd’s “Blinding Lights,” “Save Your Tears” and “In Your Eyes.”

Last October, the fund purchased the rights to 72 songs from Toronto-based songwriter Nasri Atwa, including “Rude” from his band Magic! and his ownership stake in Justin Bieber’s early songs “As Long As You Love Me” and “Never”. Say never.”

This report was first published by The Canadian Press on January 28, 2022

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