STUDIO CITY, CA and AUSTIN, TX (March 30, 2015) – FilmTrack, the leading provider of intellectual property and rights management solutions for the media and entertainment industry, announced today it has acquired RoyaltyZone, a leading software provider of licensing and royalties solutions.
RoyaltyZone’s software service and staff will be integrated with FilmTrack’s, providing a more robust end-to-end platform to manage the full spectrum of license agreements, rights, products, and royalties.
The acquisition extends FilmTrack’s leadership as a cloud-based SaaS technology company serving the global television, film, digital media, and consumer products licensing industries. RoyaltyZone’s easily configurable system perfectly complements FilmTrack’s best-in-class rights and content management system. The acquisition brings more than 50 new customers into the FilmTrack family.
FilmTrack CEO Jason Kassin said, “We’ve long admired RoyaltyZone’s turn-key platform, used by thousands of companies around the globe to report and pay royalties in the cloud. This strategic acquisition is a natural fit with FilmTrack’s portfolio of SaaS services, allowing our clients to monetize their IP through faster, more efficient commercial transactions across every area of their business. Moreover, this continues our expansion into the consumer product vertical which is a natural fit for our contract and content management solutions.”
Lou Ellman, CEO and Founder of RoyaltyZone, states, “We are excited to join forces with the team at FilmTrack. RoyaltyZone clients will enjoy increased resources and expertise in development, support, implementation, and operations. Together, we will innovate the best software solutions for managing and monetizing Intellectual Property.”
For over two decades, FilmTrack has been recognized as the leading rights management solution for the media and entertainment industry. The company’s cloud-based platform streamlines the complex intellectual property lifecycle, providing the necessary tools to manage mission-critical data, including contracts, rights, financials, royalties, and related assets.
RoyaltyZone is a leading provider of web based software tools that enable licensors, agents, and licensees to manage license agreements, rights, products, invoices, and royalties with ease. Over 50 licensors and agents and thousands of licensees use RoyaltyZone to manage and grow their licensing business. To learn more, visit www.royaltyzone.com.
View the official press release, click here.