Canadian music investment firm buys publishing rights from Drake producer Murda Beatz

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TORONTO – Drake and Migos producer Murda Beatz is selling the publishing rights to hundreds of his songs to a new Canadian music investment fund.

Kilometer Music Group told The Canadian Press it purchased 285 songs the 27-year-old helped create through 2020, including Drake’s No. 1 single, “Nice For What,” and other tracks from the Toronto rapper’s library, including “Elevate.” “, “Portland” and “With you”.

The fund also grabbed the rights from Murda Beatz to Travis Scott’s “Butterfly Effect,” Nipsey Hussle’s “Grindin’ All My Life,” and stakes in 42 songs by rap trio Migos, including their 2017 hit “Motorsport.” with Nicki Minaj and Cardi B.

Financial terms were not disclosed. The Murda Beatz agreement does not cover the producer’s participation in the master recordings of each song.

What Kilometer receives are royalties whenever the lyrics or music are used in various circumstances, including if the composition is recreated in another song, printed as sheet music, performed by another artist in concert, or placed in a movie or TV series.

Murda Beatz, who was born Shane Lindstrom and raised in Fort Erie, Ontario, shot to fame in the mid-2010s, thanks in part to the screams of artists on tracks that often opened with the phrase “Murda on da beat”.

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

In a separate deal, Kilometer acquired 78 songs from the catalog of Louisville, Ky. rapper Bryson Tiller, whose 2015 debut album “Trapsoul” included the hits “Don’t” and “Exchange.”

These transactions are the latest in a series of acquisitions by music rights management companies and record labels in the hope of buying the rights to the songs of the world’s most successful musical groups and increasing their income. through streaming, ad placement and other sources.

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

Hipgnosis Songs Fund, another music rights player operated by Middleton, N.S. native Merck Mercuriadis, completed a number of significant deals last year.

The fund bought a 50% stake in 1,180 songs by Neil Young, as well as royalty rights to some of the work of Winnipeg-born producer Bob Rock, Michael Buble’s Christmas hits and “Enter Sandman” by Metallica.

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

Many of their signature purchases have been made in Canada’s vibrant hip hop and rap community.

The fund has secured a 50% stake in 180 songs from the Ottawa rapper Belly’s catalog, including the rights to his co-writing work on “Blinding Lights,” “Save Your Tears” and “In Your Eyes” from the weekend.

Last October, the fund purchased the rights to 72 songs by Toronto-based songwriter Nasri Atweh, ​​including his band Magic!’s hit “Rude,” and his participation in Justin Bieber’s early hit “As Long.” As You Love Me” and “Never Said Never.”

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

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