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04/06/2010

ITV Studios Extends IP Compact Deal

A leading independent rights administrator and distributor of royalties has announced that it has extended its agreement with ITV Studios Global Entertainment.
Compact Media Group will continue to represent the distributor's extensive back catalogue as well as future Intellectual Property (IP) in terms of the company's international secondary television rights.
The ITV company distributes programmes to over 3,500 broadcasters and home entertainment partners in more than 350 territories worldwide.
The company's much envied catalogue includes classic films such as The Eagle Has Landed, iconic series Coronation Street, International Emmy nominated I'm a Celebrity....Get Me Out of Here! and family favourite Inspector Morse, amongst others.
John O'Sullivan, Chief Executive Officer, Compact Media Group, commented: "Every hour of the day at least one territory is broadcasting one of ITV Studios Global Entertainment's distributed programmes, which is truly impressive.
"My team and I are exceptionally proud that ITV recognises that Compact is not just a simple rights administrator but a financial ally."
Duncan Walker, ITV Studios Global Entertainment added: "With a catalogue as extensive and deep as ours, the fear is that money is left on the table in the multitude of territories.
"Compact's tracking and reporting capabilities give us security in knowing that our IP is in safe hands.
"Over the years we have seen our revenue grow substantially. This long term extension provides us with regular cash injections that suit our business model from a trusted partner in line with our core principles," he said.
(BMcC/GK)
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