« German Publishers Bring On Google Print Rival | Main | IPO Will Give Trolltech's Trolls A New Reason To Dance »
May 25, 2006
Benchmark Takes Stake In B2B Music Platform
Ricall, which runs an online platform for music research and clearing licensing rights, has raised an undisclosed amount from Benchmark Capital's European fund.
The deal was announced a few weeks ago, but the a:c euro just came across it today via an announcement that it won what we'd call an outsourcing contract from Five, a UK TV station. The contract gives Five a fully managed digital music facility for in-house staff.
The move into providing managed services for broadcasters looks to be new, as its typical transactions, listed on its website, are for single titles. For example, it cleared Britney Spears Oops I Did It Again for Gala Bingo, The Who's Won't Get Fooled Again for Swiss bank UBS, and Sugababes' Push The Button for Heart FM.
Founded in 1998, the firm said this was its first round of institutional funding. Ricall's platform brings together professional buyers and sellers of music to enable licensing of titles for use in advertisement, films, TV, video games and the like.
The deal was led by Ynon Kreiz, who joined Benchmark Capital Europe's team as a GP about a year ago. He is http://www.ricall.com/index.cfm?fuseaction=newsdetail&asset_id=51&type=1also the founder of Fox Kids Europe. This is one of several media-related he has closed in recent months.
Kreiz said in a statement:
"Ricall has a highly experienced management team and has created a market-leading online service that has proven its value to an impressive and growing client base. Ricall is poised for rapid expansion and we are delighted to be able to play a meaningful part in that."
Ricall secures multi-million pound financing from Benchmark Capital
Posted on May 25, 2006 03:36 PM | Posted to News And Updates | Online services | Permalink
Trackback Pings
TrackBack URL for this entry:
http://www.thealarmclock.com/mt/mt-tb.cgi/1222
