RoyaltyShare Acquires IDEA

May 25, 2007

RoyaltyShare, a provider of digital royalty solutions to the entertainment industry, has announced the acquisition of Los Angeles- based Independent Digital Entertainment & Arts, LLC (IDEA), a provider of outsourced content management services to record labels, record distributors, and digital music retailers. With the acquisition, RoyaltyShare expands its service to include digital content management and delivery services. RoyaltyShare will retain the IDEA executive team with Alfredo Cabeza taking on the role of VP of content management services. RoyaltyShare plans to maintain IDEA's offices in West Hollywood for business development, sales, and customer service operations. Financial terms of the acquisition were not announced.