Music Updates

New Canadian Venture Is Banking on Bringing Copyrights Back North

McCarty sees the value not just in Canadian songwriters that are chart-toppers like Justin Bieber, Drake, Shawn Mendes, The Weeknd and Alessia Cara, but the behind- the-scenes collaborators found in the small print of publishing credits.

Alongside producer-songwriter Gavin Brown and McCarty’s former SOCAN colleague Rodney Murphy, who are also based in Toronto, the intellectual property and rights management company has partnered with Toronto investment firm Barometer Capital Management Inc. to form the Barometer Global Music Royalty Fund, a limited partnership with a targeted size of $200 million, “that will invest primarily in the iconic catalogs and music rights of Canadian creators,” according to the press announcement.

McCarty, a 2019 Canadian Music & Broadcast Industry Hall of Fame inductee, spoke with Billboard about his new venture, and why Kilometre Music Group is going after Canadian copyrights.

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