M+E Connections
FilmTrack Acquired by Rightsline
Story Highlights
Rightsline, a global leader in rights and royalties management solutions, and City National Bank have entered into a definitive agreement whereby Rightsline will purchase FilmTrack from City National Bank.
Founded in 1996 to assist entertainment companies in managing their intellectual property, FilmTrack specialises in providing end-to-end SaaS solutions to assist entertainment companies in managing their intellectual property, including contracts, rights, financials, royalties, and participations.
Having amassed a client base comprising nearly 200 entertainment customers, FilmTrack’s incorporation will enhance Rightsline’s leadership position in the global rights and royalties management landscape.
“The acquisition of FilmTrack marks a pivotal moment in our journey as it brings together two powerhouse companies to better serve our customers with the most comprehensive IP commerce services in the market,” said Patrick Arkeveld, CEO of Rightsline. “We’re thrilled to welcome FilmTrack customers to Rightsline’s rights and royalties solution ecosystem. We look forward to leveraging decades of industry expertise and best practices to continue to deliver unparalleled and innovative services to our customers.”
Both companies are committed to ensuring a seamless transition for FilmTrack’s customers to ensure sustained growth and success in managing IP content.
The acquisition is expected to close in approximately 60 days, subject to the satisfaction of customary closing conditions.
