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. -Jason Kassin
Studio City, CA & Austin, TX (PRWEB) March 30, 2016
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."
FilmTrack’s cloud-based software platform streamlines the complex intellectual property management process – from project inception to distribution – and provides a holistic view into critical data supporting rights, availabilities, contracts, invoicing, licensing, revenue recognition, royalties and workflow management. Backed by Insight Venture Partners, FilmTrack serves as both a front and back office to hundreds of clients worldwide including DreamWorks Animation, eOne, Saban Brands, Miramax, National Geographic, and Starz. Visit http://www.filmtrack.com to learn more.
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. Visit http://www.royaltyzone.com to learn more.