Singapore’s allrites raises US$1.1M to grow its marketplace for TV, film and sports content rights
Singapore-based allrites.com, an online marketplace to discover, buy and sell film, TV and sports content rights, has closed a US$1.1 million pre-Series A investment round, led by Artesian Venture Capital.
Also joined the round are VC firm SOSV, its accelerator Chinaccelerator, and Clarion Venture Partners.
allrites enables sellers of professionally produced film, TV and short-form content to list their content for free. Accredited buyers can access a global library of content in every language, category and genre. When buyers find something they like, they are able to check the availability of rights immediately and negotiate a deal directly with the content rights owner.
The transaction can be conducted online or offline with allrites taking a small transaction fee upon a successful sale.
allrites also integrates a cloud-based storage and delivery service that makes it easy for sellers to deliver content to their buyers at the click of a button.
The marketplace currently has 30,000-plus hours of content on it. The content reaches over 55 million passengers on budget airlines in Asia.