ImageSpan Inc., creator of LicenseStream, a licensing and royalty payment automation platform for media, has announced that it will build on its growth with the appointment of Kurt Garbe as chief executive officer and the completion of a new round of growth financing led by previous investors Bertelsmann Digital Media Investments (BDMI) and CityLight Capital.
Garbe succeeds ImageSpan founder Iain Scholnick, who will continue serving as chief platform officer.
“ImageSpan with LicenseStream addresses the core problem confronting media companies and other owners of premier content today — how to protect and fully monetize the value of their content at a reasonable cost as it gets distributed across the Web,” said Garbe. “As media companies, publishers, record labels, movie studios advertising agencies and other content owners seek new ways to leverage their existing content and grow incremental revenues, LicenseStream offers the right solution at the right time.”
ImageSpan’s LicenseStream automates the costly processes of content licensing and royalty settlement, creating new efficiencies by making content the storefront with defined ownership and rights embedded, enabling flexible pricing based on use. By making content the storefront, LicenseStream accelerates transactions and frees resources to develop new distribution and marketing channels. Check out www.imagespan.com for more information.
