Kilometre Music Group Announces the Acquisition of Songwriter Shaun Frank’s Copyright in The Chainsmokers Mega Hit Song “Closer”
Toronto, ON - Recently formed music rights management company Kilometre Music Group (Kilometre) has announced their first acquisition, Toronto based Shaun Frank’s co-writing interests in the song “Closer”, recorded by The Chainsmokers featuring Halsey. “Closer” is the 6th most streamed song of all time.
Kilometre’s CEO Michael McCarty stated that “we couldn’t be prouder that Shaun Frank has trusted us with his song “Closer” as our first acquisition. “Closer” is a great example of the “Canadian Invasion” sweeping the world music scene and is destined to be one of the classics of its era. It’s the ideal cornerstone of our Barometer Global Music Royalty Fund which we believe will be one of the premiere music catalogs in the world.”
Closer spent an incredible twelve weeks at #1 on the Billboard Hot 100 and topped the charts in over ten countries around the world making it a truly global hit. Until recently, it also held the record for most weeks spent in the Top 5 on the Hot 100 - twenty-seven weeks. Only the Weeknd’s “Blinding Lights” has spent more time in the Top 5.
Referring to the cultural impact of the song, Kilometre President Gavin Brown said; "Closer” is a timeless classic with a universal theme. The iconic chorus features a defiant anthemic chant about the human desire to recapture our youth and remain forever young. This is why Closer has had such a massive impact over the years and will continue to define a generation of listeners for years to come”.
Frank’s association with Kilometre’s principles stretches back to his days fronting rock bands. Kilometre’s Brown produced, co-wrote, and helped his band The Envy sign with Gene Simmons label. “Shaun was such an incredibly determined artist and songwriter. You just knew that one day he would become a successful hit songwriter. Closer is the ultimate proof of this,” said Brown.
“It was a very tough decision to sell the biggest song of my career, but the team at Kilometre really showed me the value of this deal and I think we really landed on something here where everyone wins. Gavin and Michael are old friends and colleagues and have been some of my biggest supporters over the years, I’m super happy to be in business with them” said Frank.
As per company policy, terms of the deal were not disclosed.
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Kilometre Music Group was founded by Michael McCarty, Gavin Brown and Rodney Murphy in 2021. Its 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 partnered with Barometer Capital Management Inc., an independently owned Toronto investment firm with over $1 billion of assets under management. Together they created 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.
