Compact Media Group, the independent rights administrator and distributor of royalties for TV, film and music, has secured GBP17m of investment from Lyceum Capital to drive the growth and development of the business.
Compact provides a broad range of collection and administration services which maximise royalty income for intellectual property rights owners such as producers, distributors, broadcasters, as well as government backed agencies and financial institutions.
The firm represents over 300 companies including BBC Worldwide, ITV Global Entertainment, Scottish Media Group, Fremantle Media, Channel 4, Discovery Communications, National Geographic, Icon, Echo Bridge and a number of the UK’s largest independent producers, including All3Media, Shed and Hat Trick.
Established in 1995, the London-based firm has offices in Los Angeles, Amsterdam, Sydney and Paris and has claimed and distributed over EUR125m in royalties on behalf of its clients.
Lyceum Capital has backed the existing management team, led by chief executive John O’Sullivan and incoming executive chairman Richard Green, in a deal which acquires the stake previously held by founding shareholders.
Green says: “Intellectual property is the lifeblood for creators and this is especially pertinent for right holders in the film and TV industries. Compact has consistently raised the bar in terms of collection and service for its clients and is greatly respected.
“I am especially looking forward to meshing the prowess of John O’Sullivan and his team alongside the introduction of complementary strategic and financial support from Lyceum Capital to create new opportunities for our clients throughout the world.”
Dan Adler, who led the deal for Lyceum Capital, says: “International rights management is a fragmented and increasingly complex area of the media industry and Compact’s success has been based on providing multi-jurisdiction services which maximise and protect revenues whilst reducing the administrative burden on clients.”
