Kilometre Music Group

Across the deals, Kilometre says it acquired underlying copyrights and royalty streams associated with all the songs, but it did not purchase master recordings or revenues from masters. The company declined to reveal purchase prices. According to calculations by Kilometre, the fund now co-owns 10% of the 100 most-streamed songs on Spotify of all time, and 7% of Spotify’s “Billions Club” – songs with one billion streams or more. The Kilometre deals, along with recent acquisitions by Dutch music management company Pythagoras Music Fund, are the latest purchases of publishing catalogs worldwide by investor-backed song funds like London-based Hipgnosis Song Funds as well as the publishing arms of major labels Universal Music Group, Warner Music Group and Sony Music Entertainment. In recent mon...