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Business News Deals Labels & Publishers
Neighbouring rights firms announce alliance
By CMU Editorial | Published on Monday 11 June 2012
Two rights administration agencies have announced a strategic alliance on so called neighbouring rights, helping artists and other creators collect neighbouring royalties they are due around the world from copyrights they have been involved in.
Rights Agency Limited has specialised in the collection of neighbouring right royalties for 25 years, while Fintage House offers neighbouring rights representation alongside a range of other copyright administration services. The new partnership will, the two companies say, offer “unrivalled strength, experience and advanced client servicing” in neighbouring rights, which are “an increasingly more important revenue source to artists as there are new streams opening up from different sources in new territories and outlets constantly”.
Rights Agency Limited CEO Damian Pulle told CMU: “I am extremely excited about this venture. It will give continuity and new possibilities to my clients and staff. There are lots of synergies between our companies. We share the same business values and the same desire to service clients with the best solutions in the industry. It is a perfect match for RAL, due to our future vision. Each company has its own uniqueness that, when combined, will make the new venture a force to be reckoned with”.
Meanwhile Fintage House co-CEO Niels Teves added: “I have known Damian for almost a decade and have a lot of respect for what he has built. We invested in RAL because we believe together we can achieve more and more for our clients on a global scale. Damian created the neighbouring rights business line and put it on the map for clients. His development of this business along with our 25 years of experience in servicing clients in Film and TV makes this alliance the perfect fit”.
