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Sky, Channel 4 Buy Stakes in TV Rights Online Platform

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The Hollywood Reporter reports “Pan-European pay TV giant Sky and U.K. broadcaster Channel 4 on Thursday unveiled investments in the company behind The RightsXchange (TRX), which enables TV rights buyers and sellers from around the world to complete licensing deals entirely online.

The company said its latest financing round will raise up to $6.75 million (£5.20 million) and give the two investors minority stakes of an undisclosed size. The round also includes investments from private individuals, many of whom have participated in previous funding  rounds.” Read More

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