Compact Media Group, aiming to grow its work in secondary TV and film rights, has announced the appointment of Richard Green as exec chairman and a $27 million investment from Lyceum Capital.
Green has two decades of experience in the media sector and was CEO of 2entertain from 2004 to 2009.
Lyceum Capital’s investment is a majority stake previously held by founding shareholders.
London-based Compact was established in 1995 and has distributed over $125 million in royalties. Green will lead the company with existing CEO John O’Sullivan.
Move comes 21 months after Compact launched in L.A. to give companies a means to collect royalties for U.S. producers arising from foreign telecasts and other exploitation of copyrighted material.
Recent signings include 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.