560 Media, Discovery in Revenue Collection Deal

LONDON: John O’Sullivan’s recently launched 560 Media has signed an agreement to collect international revenues generated by Discovery Communications’ secondary rights’ deals.

O’Sullivan, former CEO and co-founder of Compact Collections, set up the U.K.-based global rights collection agency in December of last year. The venture has landed almost 40 producer and distributor clients since then, among them Hat Trick and TCB Media Rights. 560 Media offers bespoke services for the registration, monitoring, collecting and dispersal of royalties.

James Bryant, director of global music services at Discovery Communications, noted, “During the past 18 months Discovery Communications has reinforced its focus on secondary rights management for our catalog of high-quality content which satisfies curiosity, entertains and inspires viewers worldwide. 560 Media’s fresh and flexible approach to catalog representation will assist Discovery in this specialist area, allowing us to maximize remuneration in the international arena.”

O’Sullivan added, “It wouldn’t be immodest to say that there isn’t another company that understands and manages the secondary TV-rights collection process as well as we do. We offer content-owners a forensic analysis of what’s owed to them from a service that is crucial in today’s super-competitive global content market, and where maximizing earning power is no longer a luxury but essential for survival. The endorsement of a global mega-brand like Discovery is testament to what we’ve achieved in barely a year.”