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

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Drake and Migos producer Murda Beatz is selling off publishing rights to hundreds of his songs to an upstart Canadian music investment fund.

Kilometre Music Group tells The Canadian Press it has purchased 285 songs that the 27-year-old helped create up until 2020, including Drake's No. 1 single "Nice For What," and other tracks from the Toronto rapper's library, among them "Elevate," "Portland" and "With You."

What Kilometre gets are royalty payments each time the lyrics or music is used in a variety of circumstances, including if the composition is recreated in another song, printed as sheet music, performed by another artist in concert or placed in a film or TV series. Earlier this week, Sony Music Entertainment announced it acquired Bob Dylan's catalogue of music, including recordings of "Knockin' on Heaven's Door" and "Blowin' in the Wind."

 

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