YouLicense Raises First Round

YouLicense.com, an online music licensing marketplace, has raised an undisclosed amount of Series A funding from Israel's Ofer Media. YouLicense.com has offices in Tel Aviv, London and New York.

PRESS RELEASE

YouLicense.com, the online music licensing marketplace, today announced it has secured Series A funding from Ofer Media, Israel's leading private equity and investment firm for media, entertainment and Internet companies, and Logia Group LTD, a global provider of innovative mobile content solutions. Terms of the deal were not disclosed. The funding will be used to grow the company's global marketing efforts and content acquisitions.

With operations in Tel Aviv, London and New York, YouLicense.com has developed the only truly open and non-exclusive online music licensing marketplace. Artists, record labels and music aggregators can now easily offer music for commercial license through YouLicense.com. The platform directly connects buyers and sellers of music rights with a simple toolkit for quick and easy transaction processing.

“Digital music is in a rapid state of development and transformation. As more artists feel empowered by technology, they have expanding opportunities to sell their content. For music licensees, including advertisers and entertainment producers, there is an increasing inventory of tracks becoming available. We see a tremendous opportunity for YouLicense.com to open up a global marketplace for music licensing,” said Avi Zvi, CEO, Ofer Media.

“We created YouLicense.com as a way for independent artists to easily and securely license their music,” said Maor Ezer, CEO of YouLicense.com. “The Web is opening up incredible opportunities for artists to reach a global audience without the need for a hefty recording deal. This platform promotes the legal use of indie artist music for television, film, games, commercials and user generated videos. We expect the worldwide scope of this to be massive.”

Reavis Daniel Moore joins as chairman

Additionally, YouLicense.com has named Reavis Daniel Moore as chairman of its Board of Directors and equity partner via his firm Serve Music. Moore has 28 years experience as a music business entrepreneur and advisor based in Austin, Los Angeles and New York. He is a co-founding board member and partner in the Earthdance company and non-profit organization. Earthdance, founded in 1997, is an annual international music and dance festival for peace, held simultaneously in over 300 locations, in 60 countries, with an estimated attendance of 200,000. In his role as chairman, Moore has lead responsibility for The Company's international business development efforts.

New alliances

YouLicense.com has forged a consulting relationship with TAG Strategic (http://www.tagstrategic.com/), a global digital media and entertainment advisory firm with offices in Los Angeles, Seattle and London. The Company is engaging TAG's strategic expertise, market intelligence and senior management industry relationships to establish and expand their business into the digital media marketplace.

“YouLicense's media buyers and sellers marketplace is a market changing innovation,” said Ted Cohen, current managing partner of TAG Strategic and former SVP, EMI Digital Development & Distribution.

YouLicense.com is currently available and actively trading in beta form at http://www.youlicense.com but plans to officially launch this fall.

About YouLicense, Inc.

YouLicense.com is a global online music licensing marketplace where independent music artists and companies offering music can connect directly with music buyers seeking music for film, TV, ads, games and Web entertainment. Through the Web-based system, music sellers and buyers interact, negotiate, contract and transact directly, in a highly automated and secure system. YouLicense.com is headquartered in Tel Aviv, with operations in London and New York.