Royalty Exchange, an online auction marketplace for selling music royalties, is now getting into the intellectual property market.
Raleigh-based Royalty Exchange is now collaborating with ICAP Patent Brokerage, a company dealing with patent and IP transactions. No financial terms were disclosed but the companies said that they will team up to offer patent royalties for sale at auction through the Royalty Exchange website.
Royalty Exchange says the addition of IP and patent royalties to the listings of music and entertainment assets is part of the company’s long-term objective of offering a wide range of royalty revenue streams, including film, TV, books, solar energy, oil and gas, and pharmaceuticals.
ICAP Patent Brokerage says it is the worldwide authority in IP market analysis and monetization, matching buyers and sellers of patents, trademarks and other IP assets. The revenue-generating patent royalties to be offered through Royalty Exchange are concentrated primarily in the technology sector, including innovations in electronic devices, electronic transactions, online gaming, sensors, video transmission and IT/cloud services.
“This is a groundbreaking partnership that brings together two market-makers to create new opportunities for both buyer and seller,” said Sean Peace, CEO of Royalty Exchange. “With the speed of innovation and applications in technology, the marketplace for IP has exploded and the upside is virtually unlimited.”
