Wednesday 9 June 2010

TV EVERYWHERE UPS INVESTMENT IN RIGHTS TRACKER

TV Everywhere has announced that it has increased its investment in Rights Tracker, the rights management software company,

As part of a new fundraising round, also followed by existing venture capital investors, YFM and Creative Capital Fund, as well as a number of angel investors, TVE has increased its interest in the company that provides the software platform to a number of the UK's largest distribution and production companies, including RDF, All3Media and Shed.

Rights Tracker helps companies streamline their sales process, in many instances providing integration with financial functions within production and distribution companies, and also helps increase sales by identifying unexploited availabilities.

The companies' systems support licensing and formats, as well as programme and clip sales.

"I've Chaired Rights Tracker for over a year now and their technology is becoming more and more relevant in a world where rights are often an afterthought - an expensive afterthought," comments TVE CEO Iolo Jones. "We now see the company extend from a stand alone rights management product to being the hub enabling real time programme acquisition."

Rights Tracker is in the process of integrating its technology with VidZapper, the enterprise video management platform also owned by TVE.