Kyle Mullen
Mr. Mullen has been underwriting music rights investments since 2017, playing a key role in the launching and successful monetization of Canada’s first pure play music royalty fund, the Barometer Music Royalty Fund I. In 2020, Kyle was a founding partner in Kilometre Music Group, the general partner of the Barometer Global Music Royalty Fund. He has investment experience across the range of music rights types, vintages, genres, and in several major music markets. He has underwritten acquisitions of sound recordings, publishing rights and esoteric rights, and neighboring rights royalty streams, in addition to having acquired rights through share purchases. He has valued rights in Canada, Germany, Romania, South Korea, the UK, South America, Türkiye, and the U.S. His modelling is respected by industry partners, including funds, lenders, brokers, accounting firms, and entertainment lawyers.
Experience and Background
Deep understanding of music royalties and their underlying payment sources and economics
Detailed knowledge of music royalty revenue recognition within an IFRS accounting framework
Working knowledge of the determinants of a music catalog’s income quality and how they affect the durability of cash flow
Working knowledge of the decay cycle of a song, and how it is affected by factors such as genre, the right type, and artist popularity
level
Devised a valuation framework and process for integrating high volumes of catalog data into a valuation model that adheres to professional accounting and audit standards