Compact Media Group, a London, UK-based independent rights administrator and distributor of royalties for TV, film and music, has secured £17m of investment from Lyceum Capital.
The funds, which allowed Lyceum to take a majority stake in the company, will enable Compact to further develop the business. The growth strategy will focus on enhancing and developing Compact’s range of services, targeting new opportunities in international markets and expanding through complementary acquisitions.
The company currently provides a broad range of collection and administration services which are designed to 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, ALL3MEDIA, Shed and Hat Trick.
Established in 1995, Compact also operates offices in Los Angeles, Amsterdam, Sydney and Paris.