RealTime IT News

New Transaction System Planned for Media Content

Digital rights management company Massive Media Group and e-business solutions company US Interactive said they are teaming up to design and build a digital commerce system that facilitates secure transactions for digital entertainment and media content.

The companies said they expect to begin offering financial clearinghouse functionality later this year.

"One of the major issues media and entertainment industries face today is managing and safely distributing valuable intellectual property rights in this ever changing environment of multiple distribution systems, both off-line and online." said Howard Weitzman, chief executive officer of Massive Media.

"This digital commerce transaction system, that will utilize account management software from Portal Software and digital rights management capabilities from InterTrust Technologies, will become a significant element in the fully integrated end-to-end digital commerce platform that Massive Media Group is developing."

The account management software from Portal Software and rights management capability of InterTrust will provide a common foundation for distributed commerce, digital information and event management, the companies said.

MMG, founded by entertainment and advertising industry executives Frank Biondi Jr., Howard Weitzman, Greg Meidel and Michael Kassan, is initially targeting the intersection of entertainment and advertising in the digital delivery of content.