ImageSpan Secures $11 Million in New Financing; Free LicenseStream Accounts for WEVA Members Unveiling at WEVA EXPO 2008
July 02, 2008
Sausalito, CA - ImageSpan Inc., creator of LicenseStream, and a WEVA International strategic partner, has announced it has closed a second round financing of $11 million from a group led by Bertelsmann Digital Media Investments, a wholly owned subsidiary of Bertelsmann AG, a leading international media company.
Existing investors Greycroft Partners, and Village Ventures also participated. Additional funds came from the New York City Investment Fund, City Lights Capital Management and Ackerley Partners LLC.
The Series B financing comes as ImageSpan is launching new partnerships and rolling out its platform with major customers to extend its market leadership. ImageSpan currently provides extensive content licensing infrastructure for Omnicom's Zimmerman Partners, Sports Illustrated, TAKKLE, and others.
Built for the Web 2.0 world of mashups and projects with multiple copyright holders, ImageSpan's new LicenseStream is the premier IT platform for licensing digital video, images, and illustrations. New LicenseStream Creator Pro (free to all WEVA members along with an exclusive new e-Commerce portal) will be unveiled August 12, 2008 at the WEVA 18th Annual Wedding & Event Video Expo in Orlando, FL.
Videographers got an initial view of LicenseStream's capabilities a few months ago during WEVA's Wide World of Weddings & Events at PMA 08. WEVA NEWS MINUTE producers Sue Lawson and Bruce Himmelblau were on-site for this WEVA interview: WATCH NOW - Click Here!. (Allow for QT download).
"We have experienced tremendous growth recently and we now have the additional financial resources we need to meet rapidly growing customer demand," said Iain Scholnick, chief executive officer, ImageSpan. "Our automated digital content licensing platform and services address a major barrier to profitability for all sides: today's manual transaction processes for digital content licensing."
As advertising service providers address client demands to produce a greater volume of more highly targeted campaigns in today's transmedia world, they deal with many internal and external sources of digital image, video and audio content for creating those campaigns. ImageSpan streamlines the licensing process for all this digital source material and then defines rights to the newly-created content, tracks usage, and ensures accurate royalty reporting and payments.
By dramatically reducing the time and cost of licensing and royalty settlements, ImageSpan speeds the pace of transactions, enables faster campaign creation and expands revenue opportunities.
About ImageSpan, Inc.
ImageSpan provides an enabling infrastructure for content licensing, helping content owners define rights and transact online in minutes. We automate today's manual licensing processes. ImageSpan is the market-leading licensing automation platform partner for global advertising, content production and content delivery businesses.
Enterprise partners using the ImageSpan platform include Omnicom, Visible World and online advertising agencies. ImageSpan offers a number of delivery options including deployment through Adobe software. Founded in 2003 and based in Sausalito, CA, ImageSpan is a trusted solution provider and is the exclusive provider of license registry services to the PLUS Coalition, the multi-nation and multi- industry standard for image licensing. For more information visit ImageSpan online at www.imagespan.com and at WEVA EXPO 2008 next month.
About Wedding & Event Videographers Association International (WEVA)
Founded over a decade ago, WEVA International is the world's largest trade association for professional wedding and event videographers and leads the field with education that's on the cutting-edge of industry developments. WEVA is dedicated to advancing the professional interests of videographers globally through continuing education at events such as Wedding & Event Video Expo 2008 and WEVA's Wide World of Weddings & Events, technical support, group benefits, advocacy committees, new media, including Wedding & Event Videography Resource Guide, plus WEVA NEWS MINUTE videos, WEVA On-The-Air Podcasts, and streaming video on WEVA-TV.
Join WEVA online today to access valuable WEVA membership benefits that can help you succeed in your business, including new opportunities through ImageSpan's LicenseStream and CurbStream programs, plus low-cost Visa/MasterCard Merchant Status, Equipment Insurance, Liability Insurance, new Equipment Financing Program, WEVA NEWS MINUTE videos, WEVA On-The-Air podcasts, and more. Membership also provides opportunities for professional videographer (MPV) accreditation, and system-training at WEVA EXPO 2008 our industry’s biggest international convention and trade show. For more information contact the association at 941-923-5334 or email: [email protected] |
