Digital Media M&A

Royalty Share Acquires Broad Street Digital For Content Licensing; Furthers European Expansion — Royalty Share, the digital royalty manager that recently took funding from William Morris, has acquired Broad Street Digital, a unit of Arbinet. Broad Street Digital is the developer of RightsRouter, a platform for distributing and licensing digital content. Along with the acquisition, Royalty Share has entered into a strategic partnership with Arbinet (a developer of voice and IP services) to pursue opportunities that serve “the rapid convergence of the telecommunications and entertainment industries.” In addition, the move is designed to expand Royalty Share’s business in Europe. Broad Street, which claims 500 record label customers, is located in London and New York. Terms of the deal were not disclosed.

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