LOS ANGELES, March 21, 2016 /PRNewswire/ -- DDBill Technology, a subsidiary of Dinpay, China's leading third party secure payment platform provider, has announced that it has entered into a joint venture with Rights2, the Los Angeles based entertainment software company, to launch RightsIn®, a global digital marketplace for buyers and sellers of all forms of intellectual property.
Using Rights2's patent pending rights exploitation and licensing technology, RightsIn® will provide rights owners and buyers with an easy to use and navigate platform to market, sell, and purchase intellectual property such as music, video, books, and patents around the world, 24/7, offering broadcasters, distributors and resellers anywhere on the planet the ability to purchase selected rights in their own market, based on the most current product availability.
With both the financial backing of Dinpay, which has extensive cross-border online shopping platforms (such as Dindin.com and DD4.com), and the integration of their established payment infrastructure DDBill.com, the RightsIn® marketplace will fulfill the demands and needs of global content providers not only in China and other emerging markets, but throughout the world. The RightsIn® and Dinpay partnership gives intellectual property sellers the confidence and, more importantly, the means to enter these important, yet difficult, markets which have otherwise been too challenging to pursue.
Mr. Hugo Ye, Dinpay CEO, notes, "I believe in the future this will be the standard for how intellectual property rights will be created and monetized for greater use. Especially at Dinpay, which has a very wide business in eCommerce and with Dinpay's financial and promotional reach, the sales of intellectual property rights should be very successful."
Rights2 founder Ray Young adds, "RightsIn® gives both independent producers and large rights holders the ability to market and sell their product to customers who are not easily served by existing sales channels. We can turn unauthorized users into actual customers and turn deep catalog product into reliable revenue streams."
Rights2 was founded in 2014 and is the next step for the team that created eVMI, the pre-eminent entertainment industry distribution software solution.
Dinpay (owned by Dinpay Co., Ltd based in China), is a leading global third-party payment service provider. It provides customers with a full range of one-stop payment solution including online money management, online payment, online recharge, cash withdrawal and transfer, payment collection, "red envelope" electronic delivery and other wealth management financial services. It owns and operates DDBill Technology.
DDBill supports international business, providing payment solutions to e-tailers and consumers worldwide in order to align with their global business development and payment needs. It provides cross-border online shopping platforms Dindin.com and DD4.com along with the DDBill App, which provides more convenient mobile payment services.
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WebConcepts, Inc. was founded in 2007 and invented the Methods and Systems for Collaborative Demand Planning and Replenishment, which was awarded a US Patent the same year. With its eVMI software the company revolutionized the way DVD distributions are planned and replenished to global retailers for major Hollywood studios. Three years of development created an equally revolutionary new solution that will change the way intellectual properties are sold and licensed around the world. Bringing over 50 years of combined experience in the Media and Entertainment industry to the project, the solution was designed from the business users' perspective and built with the technology that will exceed IT standards now and into the future. Rights2 innovates, creates, and delivers solutions that give our customers the ability to easily adapt to a rapidly changing sales environment. That's the essence of our existence.
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SOURCE Rights2, Inc.; DDBill Technology