The complexity of today's rights and royalties agreements requires a software management solution that is both flexible and powerful
Cannes (PRWEB) January 21, 2009
Counterpoint Systems, the leading provider of software solutions for rights management, royalty accounting and product licensing, today announces that BMG Rights Management, a newly-formed division of the international media group Bertelsmann, has selected its iMaestro product for use in managing copyright and royalty information.
iMaestro will help BMG Rights Management capitalize on the growing demand for popular music in film, in television, in advertising, on the web and on mobile platforms. iMaestro is a comprehensive administration package that BMG Rights Management can adapt to its specific business model and use in managing its assets with maximum accuracy, efficiency and transparency.
"The complexity of today's rights and royalties agreements requires a software management solution that is both flexible and powerful," said Counterpoint Systems CEO Amos Biegun. "BMG Rights Management recognized the importance of having a state-of-the-art enterprise application for its business management requirements from the outset. iMaestro will help BMG derive maximum value from their assets today and it will continue to serve their needs for many years to come."
"Bertelsmann has been in the music business for decades and is aware of the complexities involved in managing music rights, especially in the digital space. We are delighted to have chosen Counterpoint Systems' iMaestro solution as it will enable us to be at the forefront in the rapidly evolving music space," said Hartwig Masuch, CEO of BMG Rights Management.
About BMG Rights Management
BMG Rights Management, part of the Bertelsmann Group, offers performing artists and songwriters from all over Europe a state-of-the-art and comprehensive management of their music rights. Headquartered in Berlin and represented in the European core markets through its own affiliates, the company supports them in building and marketing their repertoire as well as in financing, servicing and administering their music rights in a transparent and competent manner. Under the leadership of CEO Hartwig Masuch, BMG Rights Management sees itself as a services organization dedicated to the needs of the performing artists and songwriters it represents. Since its foundation in October 2008, the company has achieved a number of prominent signings including songwriters Peter Fox and 2Raumwohnung as well as recording artist Nena. The company can also build on recording catalogs of over 200 artists which were acquired from the former Sony BMG Music Entertainment joint venture.
About Counterpoint Systems
Founded in 1987, Counterpoint Systems is the world leader in software solutions for rights management, royalty accounting and product licensing. The company's specialized software products employ the most sophisticated and up-to-date technologies and its dedication to research and development ensures that Counterpoint keeps pace with changes in legislation and industry practices. Counterpoint Systems' extensive client list also includes 20th Century Fox, Concord Records, MTV Networks, Paramount Pictures and NHL Enterprises and eMusic.
Counterpoint Systems is headquartered in London and has offices in Los Angeles, New York and Northern California. For more information, visit http://www.counterp.com