Pipe, which is behind a platform that allows users to treat their recurring revenue streams as assets, meaning they can unlock capital to upscale their businesses, is getting into the entertainment space.
The company has acquired UK outfit Purely Capital, which specializes in media and entertainment financing. Through the deal, Pipe will launch a new media and entertainment division on its platform, which will allow producers, rights owners, and distributors access to immediate up-front revenue from their long-term licensing contracts from investment-grade streaming services and broadcasters, including Amazon, Netflix, and Disney.
The companies noted that streaming services and broadcasters typically license content for two to five years from a production company, distributor, or other rights holder, and pay quarterly installments over the length of the licensing period, meaning revenues are drip-fed. Together, they plan to allow said rights holders to access that money up front, enabling them to invest more...
The company has acquired UK outfit Purely Capital, which specializes in media and entertainment financing. Through the deal, Pipe will launch a new media and entertainment division on its platform, which will allow producers, rights owners, and distributors access to immediate up-front revenue from their long-term licensing contracts from investment-grade streaming services and broadcasters, including Amazon, Netflix, and Disney.
The companies noted that streaming services and broadcasters typically license content for two to five years from a production company, distributor, or other rights holder, and pay quarterly installments over the length of the licensing period, meaning revenues are drip-fed. Together, they plan to allow said rights holders to access that money up front, enabling them to invest more...
- 2/23/2022
- by The Deadline Team
- Deadline Film + TV
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.