RoyaltyShare Adds $4M Series B Funding

RoyaltyShare, a Web-based royalty processing and digital content management provider for the entertainment industry, just added $4M in Series B funding from Bertelsmann Digital Media Investments (BDMI) and Trident Capital. This brings the total funding to $9M.

"This new funding will be used to aggressively enhance the capabilities of our software-as-a service platform and expand our digital royalty and content management offerings to support additional media industries," said Bob Kohn, chairman and CEO of RoyaltyShare. "We are very excited to be working closely with BDMI and Trident Capital."

RoyaltyShare's Web-based solution supports the management of content sold through digital, physical, subscription, mobile and other channels. With all of the buzz over the past weeks about musicians and bands leaving their labels for a more direct-to-consumer relationship, RoyaltyShare might be well suited to pick up some of the new transactional business.