UK music licensing company, Ricall, have fallen into liquidation meaning that their major assets in music, film and TV are up for grabs.
Since it launched in 1998 Ricall has been licensing music for use in adverts, TV, and film working with major brands like Fiat, The Body Shop, Heathrow Airport and more. After almost 20 years, £12 million in investment and a catalogue of over 6,200 tracks the company was liquidated by Begbies Traynor LLP.
Now Metis, on behalf of Begbies Traynor, are selling Ricall’s valuable assets including music sync licensing brand assets and e-commerce software. Metis say that they are ambitious to create a new interest in music licensing and digital music downloads via the sale of these tools.
Metis Partners’ Morven Fraser said: “This sale is certain to attract a high degree of interest from these 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.”
Metis Partners will stop taking offers on September 28th.