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Industry Vets Lunch New Canadian Music Rights Management Company
Veteran Canadian music industry leaders Michael McCarty , Gavin Brown , and Rodney Murphy have announced the formation of the Kilometre Music Group , a new music rights management company whose mission is to “ reclaim the financial rewards of the multi-decade worldwide ‘ Canadian music invasion ’ for the benefit of Canadian artists , investors , and culture .”
Kilometre has partnered with Barometer Capital Management Inc ., an independently-owned Toronto investment firm that manages more than
( L-R ) KLM ’ S RODNEY MURPHY , MICHAEL MCCARTY & GAVIN BROWN
$ 1 billion in assets . Together they formed the Barometer Global Music Royalty Fund , a limited partnership with a targeted size of USD $ 200 million that will invest primarily in the iconic catalogs and music rights of Canadian creators .
McCarty is a well-known music publisher who was inducted into the Canadian Music Industry Hall of Fame in 2019 . He was president of EMI Music Publishing Canada for 17 years , spent four years as the president of Anthem ( formerly Ole ), and the last seven years as the chief membership officer at SOCAN . Murphy is a 17-year veteran of SOCAN where he worked with some of Canada ’ s top hit makers . Brown is an acclaimed songwriter and producer who has been nominated for 37 Juno Awards for his work on numerous projects throughout his career . Rounding out the team is royalty analyst Kyle Mullen , who was a key part of the success of Barometer ’ s Music Royalty Fund I , which launched in 2018 .
“ Canadians dominate the global music charts right now , but this has been building for over five decades ,” says McCarty . “ This ‘ Canadian invasion ’ has fostered some of the greatest songs of all time and we see a brilliant future investing in them . Since the rights to most of these songs are owned by foreign companies , the Canadian economy has been deprived of billions in global royalty revenue . We want to reverse that flow by bringing home the rights to our most important music .”
For an in-depth conversation with McCarty and Brown about the new company and the current business of song rights , listen to the March 10 , 2021 , episode of the Canadian Musician Podcast . For more information , go to www . kilomg . com .
` CANADIAN MUSICIAN 19