The IP assets of UK-based music licensing platform Ricall are on the block after the business fell into liquidation.
Metis Partners is bringing assets to the global marketplace that include e-commerce software and music sync licensing brand assets.
Metis is working on behalf of Ricall’s liquidators, Begbies Traynor (Central) LLP.
Ricall offered music licensed for use in advertising, film, and TV – and Metis says it’s hopeful of igniting interest in the music licensing and digital music download sectors, as well as e-commerce retailers and software developers.
Trading since its launch in 1998, Ricall worked with both national and international brands including Mailchimp, Heathrow Terminal 2, Fiat 500, and The Body Shop.
The company attracted more than £12m in investment and, at the time of liquidation, had a catalogue of over 6,200 tracks covering a range of genres.
“The Ricall brand has been in existence since 1998, and is associated with one of the world’s largest online music research and licensing marketplaces.”
Morven Fraser, Ricall
The marketplace platform, from which Ricall built its reputation, is based upon a customisable pricing model, designed to allow artists and rights-holders to set their own prices.
The software behind Ricall’s music licensing structure cost circa £6m to develop, and was created internally, using the Agile development approach.
Morven Fraser of Metis Partners said: “This sale is certain to attract a high degree of interest from those with a foothold, or looking to establish a foothold in the music licensing industry.
“The software developed by Ricall allows a significant degree of flexibility in the user and right-holder online experience. It will be an excellent asset for any market players considering e-commerce development as part of their online profile.
“The Ricall brand has been in existence since 1998, and is associated with one of the world’s largest online music research and licensing marketplaces. The company has a strong reputation on the world media stage, and its stories have been covered in The Verge, BBC News, and Music Week.
“This, combined with a strong social media presence, makes the goodwill and reputation of the brand a highly desirable asset.”
All offers should be submitted directly to Morven Fraser of Metis Partners by noon on Thursday September 28, 2017.Music Business Worldwide