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01/11/2010

Compact Media Group Appoints New Executive Chairman

Compact Media Group, a leading independent rights administrator and distributor of secondary TV and film rights revenues, has announced the appointment of Executive Chairman Richard Green and new investors in the form of Lyceum Capital, which has invested £17 million to drive the growth and development of the business.
Established in 1995, the London-based firm has offices in Los Angeles, Amsterdam, Sydney and Paris and has successfully claimed and distributed over €125 million in royalties on behalf of its worldwide clients.
The deal will see Compact led by new Executive Chairman Richard Green and existing CEO John O'Sullivan, with Lyceum Capital providing strategic input and additional capital to further develop the business. Lyceum Capital's investment is a majority stake previously held by founding shareholders.
Richard Green's experience in the media sector spans 20 years. Most recently, he was one of the key architects behind the formation of 2entertain in 2004, where he held the position of CEO until September 2009. The 2entertain group includes one of the UK's largest TV video publisher and Demon Music, the UK's fifth largest record label. Richard has a strong track record of developing and growing companies.
Richard Green, incoming Executive Chairman for Compact Media Group, said: "Intellectual property is the lifeblood for creators and this is especially pertinent for rights holders in the film and TV industries. Compact has consistently raised the bar in terms of collection and service for its clients and is greatly respected.
"I am especially looking forward to meshing the prowess of John O'Sullivan and his team with the complementary strategic and financial support from Lyceum Capital to create new opportunities for our clients throughout the world."
John O'Sullivan, CEO, Compact, commented: "It is truly fitting that as we enter our 15th full year of trading that we do so with heightened aspirations and a strengthening of our team. In Lyceum, we have found a dedicated and astute financial partner for us; and by securing Richard Green as our incoming Executive Chairman we are well placed to seize on further opportunities for our clients, old and new alike."
The deal follows another successful quarter for Compact, with notable recent signings including: Hat Trick International, So Television, Rive Gauche TV, Westchester Films, Ten Alps, Teamto SAS, Splash Media TV, Oxford Film & Television, Blink Films, John McLean Media and Channel X Ltd.
Compact provides a broad range of collection and administration services to the creative industries which maximise royalty income for intellectual property rights owners such as producers, distributors, broadcasters, as well as government backed agencies and financial institutions.
(KMcA/GK)
VMI.TV Ltd

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