RoyaltyShare today announced a Series B investment from the William Morris Agency. The round was led with investments from Trident Capital and Bertelsmann Digital Media Investments. Terms of the investment were not disclosed.
RoyaltyShare provides back end technology and services that help labels, content producers, distributors and publishers manage digital sales. The company offers content management, distribution and royalty statements based on sales data from hundreds of physical, digital and mobile retailers.
"The global entertainment industry is rapidly moving towards digital and mobile distribution, creating great opportunities and challenges for everyone involved," said Jim Wiatt, Chairman and CEO of the William Morris Agency. "We recognize the importance of supporting innovative companies such as RoyaltyShare as they deliver solutions that address the complex data processing and management challenges brought on by this new era."
"The William Morris Agency has helped shape the entertainment landscape for over a century and their investment will support RoyaltyShare's efforts in developing tailored data processing solutions to serve every facet of the industry from music to film, to book publishing and videogames," said Bob Kohn, Chairman and CEO of RoyaltyShare. "We are very pleased to have a such world class partner and look forward to our continued collaboration."
