Metis Partners was appointed by Begbies Traynor to support the marketing and sale of IP assets related to Ricall Limited.
For 20 years Ricall provided services for licensing music for use in advertising, film, TV shows and video production. The Company’s high-quality service attracted collaboration with national and international brands on global campaigns and secured circa $15m in investment.
Ricall’s offering included music supervision, licence negotiation and an e-commerce marketplace where artists and rights holders could present their music for sync licensing and digital downloads. The platform hosted 6,000 music tracks from 1,200 licence holders.
IP Assets Sold
- Proprietary e-commerce software platform
- Goodwill rights in Ricall brand & reputation
- Website content and domains
- Key organizational knowledge
Highlight of this IP Sale
As one of the early pioneers in online licensing of music for use in videos, and selling and distributing digital downloads, we were delighted to secure an IP sale for this valuable portfolio into a market that has grown rapidly in the last three years.