Music Investments: Kilometre Music Group's Multi-Million Dollar Acquisitions

In a groundbreaking move, Kilometre Music Group has acquired the music rights to several hit songs from artists including The Weeknd, Drake, and Justin Bieber. The financial details of the deal have not been disclosed.

The Weeknd's "Starboy," a 2016 chart-topper featuring Drake, is among the songs now under Kilometre Music Group's control. Drake's "One Dance," a collaboration with Wizkid and Kyla, and Justin Bieber's "Love Yourself" are also part of the acquisition. Post Malone's "Rockstar," featuring 21 Savage, was also reportedly included in the deal.

According to a press release, Kilometre Music Group has been on a buying spree, acquiring over 1,000 songs from various artists and publishers. The company, which was founded in 2020, is backed by a group of investors and has signed a global distribution deal with AWAL.

Music rights are an essential component of the music industry, with various types of rights including publishing, master, and performance rights. Music rights societies like ASCAP, BMI, and SESAC collect and distribute royalties for the use of these rights. Who owns the right to music can be a complex issue, with multiple parties involved, including record labels, publishers, and artists.

The acquisition of these hit songs by Kilometre Music Group underscores the value of music rights and the potential for significant returns on investment. While the financial details of the deal remain undisclosed, it is clear that Kilometre Music Group is making a bold move in the music industry.

For more information on music rights and the music industry, check out the National Music Publishers' Association and the Recording Industry Association of America.

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